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Palantir (PLTR) Stock Tumbles 15% on Soft Outlook, Citi Sees Many Negatives

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Palantir (PLTR) Shares Extend Selloff as Deutsche Bank Cuts to Sell

August 9, 2022 9:28 AM EDT

Shares of Palantir (NYSE: PLTR) are down a further 2% in premarket Tuesday after Deutsche Bank analyst Brad Zelnick downgraded to Sell from Hold.

Palantir shares fell over 14% yesterday on disappointing Q2 results.

Zelnick argues that Q2 results changed his view of Palantir and the overall risk/reward in the stock. His new... More