Palantir stock falls after Morgan Stanley flags growth fears
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Palantir Technologies Inc (NYSE:PLTR) shares fell over 5% after Morgan Stanley analysts gave an 'Underweight' rating, citing valuation concerns and limited near-term growth potential. Despite a 340% surge in 2024, the rise was attributed to multiple expansion rather than revenue gains.
January 06, 2025 | 7:00 pm
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NEGATIVE IMPACT
Palantir's stock fell over 5% after Morgan Stanley rated it 'Underweight', highlighting concerns about its valuation and limited near-term growth potential. The stock's 340% surge in 2024 was mainly due to multiple expansion, not revenue growth.
Morgan Stanley's 'Underweight' rating and concerns about Palantir's valuation and growth potential directly impacted the stock, causing a 5% drop. The significant rise in 2024 was attributed to multiple expansion rather than revenue growth, indicating potential overvaluation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Morgan Stanley initiated coverage on Palantir with an 'Underweight' rating, affecting Palantir's stock price. The rating reflects concerns about Palantir's valuation and growth potential.
Morgan Stanley's rating on Palantir reflects its analytical stance, impacting Palantir's stock. However, the direct impact on Morgan Stanley's stock is neutral as the rating is part of its regular analytical activities.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50