Why Palantir (PLTR) Shares Are Getting Obliterated Today [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
downgraded the stock's rating from Neutral to Sell and assigned a $20 price target. The price target represents a potential 15% decline from where shares traded when the downgrade was announced. The analyst called out "worries in the software space." adding that earnings results from some of the large enterprise software companies that recently reported were "largely downbeat." In addition, the analyst noted that the anticipated gains from Generative AI had been a "revenue illusion" during the year. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Palantir? Access our full analysis report here, it's free What is the market telling us: Palantir's shares are very volatile and over the last year have had 35 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the busin
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PLTR
News
- Peter Thiel Offloads Over $1B In Palantir Stock In 2024 As Stock More Than Doubles [Yahoo! Finance]Yahoo! Finance
- Cathie Wood's Ark Invest Dumps Palantir Shares Amidst S&P 500 Inclusion And Extended AI Alliance [Yahoo! Finance]Yahoo! Finance
- Billionaire Peter Thiel Sold $600 Million Of Palantir Stock This Week [Forbes]Forbes
- The Big Boys Are Buying AI Infrastructure Hand-Over-Fist: Our Picks [Seeking Alpha]Seeking Alpha
- Palantir Technologies Inc. (PLTR) Extends Multi-Million-Dollar Deal with APA Corporation as Analyst Downgrades Stock Amid Valuation Concerns [Yahoo! Finance]Yahoo! Finance
PLTR
Earnings
- 8/5/24 - Beat
PLTR
Sec Filings
- 9/27/24 - Form 144
- 9/26/24 - Form 4
- 9/26/24 - Form 144
- PLTR's page on the SEC website