Reported 11 months ago
Shares of Palantir (PLTR) experienced a significant decline following a downgrade from Neutral to Sell by Monness Crespi Hardt, attributing it partly to analysts' valuation concerns regarding software stocks with high valuations. The firm set a $20 price target for Palantir shares. The stock, which has surged 39% this year, received unusual negative sentiment from sell-side analysts, with seven Sell ratings among a total of twenty. Wall Street typically shows more bullishness towards software enterprise companies, making the negative sentiment towards Palantir stand out.
Source: YAHOO