1 Wall Street Analyst Thinks Palantir Stock Is Going to $9. Is It a Sell? Fri, May 10, 2024, 4:11 PM GMT+2 2 min read 0 In this article: Decent is not good enough Overblown concerns Should...
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Acquire Media Monitor
Although the company squeezed out double-digit growth on both the top and bottom lines and beat the average analyst projection for revenue, the share price tumbled on the news. One of those Palantir prognosticators had a bit of a different reaction to this event -- he raised his price target by a lot. Although he maintained the equivalent of a sell recommendation, perhaps market participants should take a different view. That analyst is RBC Capital's Rishi Jaluria, who nearly doubled his fair value estimation of Palantir stock. Just after those earnings were disseminated, he reset his price target to $9 per share from his previous $5. Yet, as the new level is 33% below the company's latest closing price, he left his underperform recommendation intact. Jaluria admitted that the quarterly figures were "decent," yet he stated that growth in the crucial commercial segment was completely due to revenue from a controversial activity -- Palantir's investments in special purpose acquisi
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PLTR
News
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/20/24 - Form 144
- 5/10/24 - Form 4
- 5/10/24 - Form 144
- PLTR's page on the SEC website