Palantir Sees Millions of Dollars in Bearish Option Trades as Stock Tumbles
Morgan Stanley sounds the alarm! Is Palantir, which leads in AI applications, not able to rise anymore?
Morgan Stanley questions the sustainability of Palantir's growth momentum, believing that Palantir's technological advantages have reached or are close to their peak at this stage. The growth prospects have also been fully reflected in the stock price, which holds a premium of 100% over its peers. Based on this, a "underweight" rating is given with a Target Price of $60 per share, indicating about a 25% downside from the current stock price.
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Morgan Stanley downgraded Palantir (PLTR.US) rating, and the stock price faces further downside risk.
Morgan Stanley Analyst Sanjit Singh assigned a "Shareholding" rating to the stock on Monday, setting the Target Price at $60.
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