The Analyst Landscape: 11 Takes On Palantir Technologies
Portfolio Pulse from Benzinga Insights
In the latest quarter, 11 analysts provided mixed ratings for Palantir Technologies (NYSE:PLTR), with a shift towards more bearish views in the last 30 days. The average 12-month price target for PLTR is now $21.55, up from $19.56, with a range from $5.00 to $35.00. Analyst actions include both upgrades and downgrades, reflecting changing market conditions and company performance. Palantir's financial performance shows strong revenue growth but below industry benchmarks in profitability and efficiency metrics.
March 28, 2024 | 6:00 pm
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NEUTRAL IMPACT
Palantir Technologies received mixed analyst ratings, with a notable shift towards bearish views in the last 30 days. The average 12-month price target increased to $21.55. Despite strong revenue growth, the company faces challenges in profitability and efficiency.
The mixed analyst ratings with a recent shift towards bearish perspectives could create uncertainty among investors, potentially leading to short-term volatility in PLTR's stock price. However, the increase in the average price target and strong revenue growth may counterbalance bearish sentiments, leading to a neutral short-term impact. The challenges in profitability and efficiency metrics are critical but may already be factored into current analyst ratings and investor expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100