PLTR Jun 2024 21.000 put
- Yahoo Finance Video
Palantir's stock falls on downgrade to Sell
Shares of tech company Palantir (PLTR) fell sharply after receiving a downgrade from to Sell from Neutral at Monness Crespi Hardt. It's partly a valuation call from analysts, who argue they "believe the market will increasingly shun software stocks with excessive valuations." The firm has a $20 price target on Palantir shares. In the video above, Yahoo Finance's Jared Blikre and Julie Hyman discuss the call and take a look at Palantir's chart. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
- Investor's Business Daily
Palantir Stock Hiccups As Downgrade Counters AI-Powered Returns
While many companies have attempted to brand themselves around artificial intelligence (AI), Palantir is genuinely in the space.
- Barrons.com
Palantir Stock Has ‘Gluttonous’ Valuation. This Analyst Says Sell.
Monness, Crespi, Hardt & Co. analyst Brian White downgrades shares of the data-analytics software company to Sell from Neutral with a $20 price target.
