Citigroup Maintains Sell on Palantir Technologies, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a 'Sell' rating on Palantir Technologies (NYSE:PLTR) but raises the price target from $6 to $10.
August 08, 2023 | 3:50 pm
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Despite the 'Sell' rating maintained by Citigroup, the raised price target from $6 to $10 indicates a potential upside for Palantir Technologies.
The 'Sell' rating suggests that Citigroup expects Palantir's stock to underperform. However, the raised price target indicates that they see some potential for the stock's price to increase, which could have a neutral impact on the stock's short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100