Analyst Downgrades and Other Red Flags Are Bearish for Palantir
Given the high valuation of PLTR stock and two bearish anecdotes, PLTR stock remains a sell
Jan 21, 2021, 3:59 pm EDT
January 21, 2021
Palantir Technologies (NYSE:
PLTR). What’s more, there is an additional red flag that’s come up in my analysis aof the company. As such, I continue to recommend that longer-term investors sell their shares of PLTR stock.
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Over the last month, Citi and Credit Suisse both downgraded the shares to a sell rating or the equivalent. Both firms cited valuation as one of the key reasons for their decision. And they raised other concerns as well, like a large supply of shares becoming free to trade on the market.