To The Moon

Driven by ARK Invest's selling of $15 million worth of its assets, Palantir Technologies (PLTR, Financials) dropped by single digits on Tuesday. The transaction on Jan. 6 included 196,728 shares from

U.S. stocks tumbled on Tuesday after a batch of upbeat economic data raised concerns that an inflation rebound could slow down the Federal Reserve's pace of monetary policy easing.Stocks gave up early

Palantir Technologies stock had a great 2024, but the new year is starting off rocky for the software company.Palantir stock fell 7.8% to $69.99 and was the worst performer in the S&P 500 on Tuesday a

Palantir Technologies Inc. experienced a significant plummet of 5.03% during Tuesday's intraday trading session. The decline came amidst mounting concerns over the company's lofty valuation and potential challenges to sustaining its rapid growth trajectory.One of the primary factors contributing to the stock's decline was a cautionary note from Wall Street analyst Rishi Jaluria of RBC Capital. Jaluria set a price target of $11 for Palantir, implying a staggering 86% downside from its current le

Investors beware! Palantir Technologies’ ($PLTR) stock could fall 25% in coming months, warns investment bank Morgan Stanley ($MS). In a note to cl...

Morgan Stanley assigned a new analyst to cover hot artificial intelligence stock Palantir Technologies, and the Wall Street firm joined the ranks forecasting worse times ahead for the stock.Sanjit Singh assumed lead coverage of Palantir and slapped an underweight rating and $60 price target on the company. The firm previously had an underweight rating until November, when it removed its rating for the company to re-evaluate the company.None of the analysts who follow the company, according to FactSet, have a target price above Friday's close of $79.89. The closest is Dan Ives of Wedbush Securities with a $75 target; the lowest is $11, courtesy of RBC Capital Markets' Rishi Jaluria.Morgan Stanley's Singh acknowledges that the Alex Karp-led company has gotten a lot of things right, with its U.S. commercial business accelerating and its government business re-accelerating, all while the company maintained expense discipline."To put it bluntly, if executive management teams and decision m