Palantir Stock Is Not Worth The Risk Anymore (Downgrade) [Seeking Alpha]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Seeking Alpha
PLTR's business shows acceleration in revenue growth due to AIP boot camps, widening margins after first profit six quarters ago, and apparent stability in operational processes. Unfortunately for Palantir bulls, even against the backdrop of out-of-consensus bullish expectations, PLTR seems to be too expensive to ignore and just "buy" it at today's prices. I decide to downgrade Palantir to "Hold", even though I believe the company is doing its job right and has a lot of room to grow. My Thesis Update I initiated coverage of Palantir Technologies, Inc. NYSE: PLTR ) stock back in January 2024 with a "Buy" rating, reiterating it 3 months ago on April 9, 2024 . Since the publication Recommended For You
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PLTR
News
- Veteran fund manager offers striking assessment of bitcoin [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Buy Palantir Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- Jim Cramer Says Palantir Technologies Inc (NYSE:PLTR) is like a ‘Giant Black Box' [Yahoo! Finance]Yahoo! Finance
- 6 Stocks You Can Invest In for Under $50 [Yahoo! Finance]Yahoo! Finance
- TGH enters partnership to enhance pulmonary care in Florida, US [Yahoo! Finance]Yahoo! Finance
PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- 6/21/24 - Form 4
- PLTR's page on the SEC website