Wolfe Research Maintains Underperform on Palantir Technologies, Raises Price Target to $7.5
Portfolio Pulse from jenniferd'souza@benzinga.com
Wolfe Research analyst Alex Zukin maintains an 'Underperform' rating on Palantir Technologies (NYSE:PLTR) and raises the price target from $6 to $7.5.
August 08, 2023 | 1:58 pm
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Wolfe Research maintains an 'Underperform' rating on Palantir Technologies but raises the price target from $6 to $7.5.
The 'Underperform' rating suggests that the analyst expects Palantir's stock to do worse than the market average. However, the increase in price target from $6 to $7.5 indicates a slightly more positive outlook than before. This could lead to mixed reactions in the market, but overall, the negative rating is likely to have a greater impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100