Morgan Stanley downgrades Palantir, stock faces further downside risks

智通财经01-07

On January 7, Palantir Technologies (PLTR.US) stock price may fall further. Morgan Stanley analyst Sanjit Singh gave the stock an "underweight" rating on Monday and set a price target of $60, implying about 20% downside. Following the news, shares of the data analytics and artificial intelligence company fell 5.2% to $75.74. Morgan Stanley also previously gave the stock an "underweight" rating, but removed the rating in November 2023 to reassess its investment logic. Significantly,...

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