Palantir is starting to show ‘cracks,’ analyst says in downgrade

2 years ago 347

The Ratings Game

Published: Nov. 10, 2021 astatine 8:50 a.m. ET

RBC highlights a crisp deceleration successful authorities gross and says 30%-plus wide maturation people for adjacent fewer years is ‘hard to underwrite’

Palantir posted third-quarter results aboriginal Tuesday.

MarketWatch photograph illustration/iStockphoto

Shares of Palantir Technologies look connected way to widen their descent Wednesday aft RBC Capital Markets expert Rishi Jaluria downgraded the stock, informing of “cracks emerging successful the story.”

Jaluria is acrophobic astir a deceleration successful Palantir’s authorities concern arsenic shown successful the company’s Tuesday greeting net commentary. While Jaluria had anticipated a slowdown, helium noted that the maturation complaint for this portion of the concern was astir chopped successful fractional comparative to the 2nd quarter.

Palantir...

Read Entire Article