What's Going On With Palantir Stock?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) shares have seen a 15% loss over the last month, following a downgrade from Morgan Stanley analyst Keith Weiss from Equal-Weight to Underweight, despite a raised price target from $8 to $9. The recent pullback in Palantir is likely due to a broader cooldown in AI-related stocks. Cathie Wood, founder, CEO and CIO of Ark Invest, bought more than 673,000 shares across three Ark funds last week.
September 05, 2023 | 2:44 pm
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Palantir shares have been downgraded by Morgan Stanley, leading to a 15% loss over the last month. However, Cathie Wood of Ark Invest has bought over 673,000 shares.
The downgrade from Morgan Stanley has negatively impacted Palantir's stock price, leading to a 15% loss over the last month. However, the purchase of over 673,000 shares by Cathie Wood of Ark Invest could potentially stabilize the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100