AI Analyst Downgrades Palantir Stock (PLTR) to Hold and Trims Price Target to $188
Palantir Technologies (PLTR) has been one of the standout AI stocks this year, climbing more than 119% so far. Strong Q3 results, rising demand for its AI platforms, and ongoing government contracts helped drive the rally. However, momentum has eased recently. The stock is down more than 9% over the past five sessions due to valuation concerns and renewed fears of an AI bubble. Still, Nvidia’s strong earnings and upbeat outlook have eased some of those concerns and may help sentiment in AI-related names in the near term.
TipRanks Black Friday Sale
Amid this scenario, TipRanks’ AI Analyst Rina Curatex (under the OpenAI-4o model) turned more cautious. Curatex downgraded the stock from Buy to Hold and lowered the price target…
