What's Going On With Palantir Technologies Shares Today?
Portfolio Pulse from Nabaparna Bhattacharya
Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower after Mizuho analyst Matthew Broome downgraded the stock from Neutral to Underperform, despite raising the price target from $21 to $22. The stock has gained 74% in the past six months but is currently down 0.88% to $28.42. Investors can gain exposure to Palantir through REX AI Equity Premium Income ETF (NASDAQ:AIPI) and Global X Defense Tech ETF (NYSE:SHLD). Palantir's Q2 results will be released on August 5, 2024, with expected revenue between $649 million and $653 million.
July 17, 2024 | 1:52 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
REX AI Equity Premium Income ETF (AIPI) provides exposure to Palantir, which has been downgraded by Mizuho. The ETF may see minor fluctuations based on Palantir's performance.
AIPI's performance is partially tied to Palantir, and the downgrade may cause minor negative fluctuations in the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Palantir shares are trading lower after a downgrade from Mizuho analyst Matthew Broome, despite a raised price target. The stock has seen significant gains over the past six months but is currently down 0.88%. Upcoming Q2 results and revenue guidance may influence future price movements.
The downgrade from Neutral to Underperform by a reputable analyst is likely to have a negative short-term impact on the stock price, despite the raised price target. The upcoming Q2 results could provide further direction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Global X Defense Tech ETF (SHLD) includes Palantir, which has been downgraded by Mizuho. The ETF might experience slight negative movements due to Palantir's performance.
SHLD's performance is influenced by Palantir, and the downgrade may lead to minor negative impacts on the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50