HSBC Initiates Coverage On Palantir Technologies with Hold Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has initiated coverage on Palantir Technologies (NYSE:PLTR) with a Hold rating and a price target of $16.
September 15, 2023 | 9:37 am
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HSBC has initiated coverage on Palantir Technologies with a Hold rating and a price target of $16.
The Hold rating from HSBC indicates a neutral outlook for Palantir Technologies. The price target of $16 suggests that the analyst believes the stock is fairly valued at this price. This could potentially limit the upside for the stock in the short term, but it doesn't necessarily indicate a downside either. Therefore, the impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100