Jefferies Downgrades Palantir Technologies to Underperform, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill has downgraded Palantir Technologies (PLTR) from Hold to Underperform and reduced the price target from $18 to $13.
January 05, 2024 | 11:17 am
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Jefferies analyst Brent Thill downgraded Palantir Technologies to Underperform and lowered the price target to $13, indicating a bearish outlook.
Analyst downgrades typically lead to a negative perception among investors and can result in a short-term decline in the stock price. The reduction in the price target further emphasizes the analyst's bearish stance on the stock, which may influence investor sentiment and the stock's market performance.
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