Previous Close | 24.51 |
Open | 24.17 |
Bid | 22.96 x 1100 |
Ask | 22.98 x 1000 |
Day's Range | 22.94 - 24.28 |
52 Week Range | 7.28 - 27.50 |
Volume | |
Avg. Volume | 71,258,316 |
Market Cap | 50.915B |
Beta (5Y Monthly) | 2.81 |
PE Ratio (TTM) | 255.67 |
EPS (TTM) | 0.09 |
Earnings Date | May 06, 2024 - May 10, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 20.23 |
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Palantir Technologies (PLTR) shares are trading lower Thursday after Brian White, an analyst from Monness, Crespi, Hardt & Co., downgraded the stock to Sell from Neutral. Additionally, White lowered his price target to $20, citing an "excessive" valuation fueled by the AI boom and that he believes "the darkest days of this economic downturn are ahead of us." Yahoo Finance's Josh Lipton and Akiko Fujita breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
The S&P 500 and the Dow Jones Industrial Average closed at record highs on Thursday. Palantir Technologies stock tumbled.
An analyst downgraded Palantir stock on views the data analytics software maker's valuation is inflated amid investor buzz over generative artificial intelligence.