Deutsche Bank Maintains Sell on Palantir Technologies, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Brad Zelnick maintains a Sell rating on Palantir Technologies (PLTR) but raises the price target from $18 to $20.

May 07, 2024 | 10:07 am
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Despite the Sell rating, the increase in price target from $18 to $20 by Deutsche Bank could signal a less bearish outlook on Palantir Technologies.
The adjustment in price target, even within a Sell rating, suggests that Deutsche Bank sees some positive aspects or reduced negatives in Palantir's future performance. This could lead to mixed reactions in the short term, as the market digests the implications of a higher price target against the backdrop of a Sell recommendation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90