This Is What Whales Are Betting On Palantir Technologies
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Palantir Technologies (NYSE:PLTR), with 66% of detected trades showing bearish expectations. The whales have been targeting a price range from $12.0 to $25.0 for Palantir over the last 3 months. The current price of PLTR is down -1.52% at $16.48. Raymond James has downgraded its action to Outperform with a price target of $18.
July 14, 2023 | 3:16 pm
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Bearish stance taken by a significant investor on Palantir Technologies. The target price range is $12-$25. The current price is down -1.52% at $16.48.
The bearish stance taken by a significant investor, along with the majority of detected trades showing bearish expectations, could potentially drive the stock price down in the short term. Furthermore, the downgrade by Raymond James could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100