Palantir stock is ‘overhyped on AI’ says Jefferies, cuts rating to sell; Shares fall By Investing.com
Palantir (NYSE:PLTR) stock fell 3.4% in early Friday trade after Jefferies analysts downgraded the rating to Underperform (equivalent to sell). The new price target of $13 suggests a 20% downside risk based on yesterday’s closing price. While analysts acknowledge that …