Wall Street analyst downgrades Palantir stock forecasts 50% drop
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Jefferies has downgraded Palantir's stock, forecasting a potential 50% drop due to concerns over growth prospects. This comes after Palantir's stock reached new highs.
November 07, 2024 | 1:45 pm
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Jefferies has downgraded Palantir's stock, forecasting a potential 50% drop due to concerns over growth prospects. This comes after Palantir's stock reached new highs.
Jefferies' downgrade of Palantir is significant as it predicts a substantial 50% drop in stock price, which is likely to impact investor sentiment negatively. The downgrade is based on concerns over growth prospects, which are critical for Palantir's valuation. Given the recent surge in Palantir's stock price, this downgrade could lead to a sharp correction.
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IMPORTANCE 90
RELEVANCE 100