RBC Maintains Underperform Rating And $5 PT On Palantir
Portfolio Pulse from Benzinga Newsdesk
RBC Capital Markets has maintained its underperform rating on Palantir Technologies Inc. (PLTR) and kept its price target at $5.
August 04, 2023 | 3:35 pm
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RBC Capital Markets has maintained its underperform rating on Palantir Technologies Inc. (PLTR) and kept its price target at $5.
RBC Capital Markets' underperform rating suggests that they expect Palantir's stock to do worse than the market average. This could potentially lead to a decrease in the stock's price. The maintained price target of $5 also indicates that RBC believes the stock is currently overvalued, which could further pressure the stock price.
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