Palantir Technologies Inc. (PLTR) PT Lowered to $12 at Credit Suisse
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'Losing its Shine': Palantir (PLTR) Stock Downgraded to Underperform at RBC; Other Analysts Lower PTs
May 10, 2022 9:14 AM EDTPalantir (NASDAQ: PLTR) stock closed 21.3% lower on Monday after disappointing results and Q3 guidance that trailed Wall Street Expectations.
As a result, RBC analyst Rishi Jaluria downgraded shares to Underperform from Sector Perform with a $6.00 per share price target, down from $12.00. The analyst has decreased confidence in PLTR achieving its 30%+ growth target.
Although we expected PLTR near-term upside from US federal budgets being passed in mid-March and ongoing geopolitical tensions... More
