RBC Capital Maintains Underperform on Palantir Technologies, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria maintains an Underperform rating on Palantir Technologies (PLTR) but raises the price target from $5 to $9.

May 07, 2024 | 3:16 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
RBC Capital maintains an Underperform rating on Palantir Technologies but increases the price target from $5 to $9.
The increase in price target from $5 to $9 by RBC Capital indicates a slightly more positive outlook on Palantir Technologies' future performance, despite maintaining an Underperform rating. This adjustment suggests that while the analyst sees some improvement in the company's prospects, it is not enough to change the overall bearish stance. Investors might view this as a nuanced update, potentially leading to mixed reactions in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100