Palantir Technologies Inc. (PLTR) Core Growth Drops Below 25%, William Blair Reiterates Underperform
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Palantir (PLTR) Shares Continue to Fall as RBC Downgrades to Underperform, Other Analysts Bearish as Well
November 10, 2021 8:13 AM ESTShares of Palantir (NYSE: PLTR) are down over 2% in pre-open after RBC analyst Rishi Jaluria downgraded to Underperform on mixed Q3 results.
The downgrade call is based on four key factors: 1) government deceleration; 2) commercial deceleration (ex-SPACs, which we view as unsustainable); 3) lowered confidence in 30%+ growth; and 4) full valuation.
A new price target of $19.00 (down from... More
