What’s Going On With Palantir Stock Thursday?
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Palantir Technologies Inc (NYSE:PLTR) shares are getting pulled in different directions Thursday morning. The stock initially moved lower on a downgrade from Jefferies before bouncing back on a partnership with Amazon.com Inc (NASDAQ:AMZN) Web Services (AWS) and Anthropic. Here’s what you need to know.
What To Know: Jefferies analyst Brent Thill downgraded Palantir from a Hold rating to an Underperform rating Thursday morning and maintained a price target of $28, citing valuation concerns.
Palantir shares are up more than 220% since the start of the year and have gained about 30% in just the past week. Palantir on Monday reported strong quarterly results driven by “unrelenting” AI demand, which helped …
Full story available on Benzinga.com
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