Morgan Stanley Cuts Palantir to $60: AI Leader Stalling?
Morgan Stanley believes Palantir's growth prospects are already fully priced in, with a valuation premium over 100% higher than industry peers. Based on this, Morgan Stanley issued an "Underweight" rating with a target price of $60 per share. Overnight, Palantir's stock dropped nearly 8%.
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Will Palantir drop to $60 this time? What’s your take on Morgan Stanley’s downgrade of Palantir? At what price would you consider buying the dip?