What's Going On With Palantir Technologies Shares Today?

Palantir Technologies Inc. PLTR shares are trading lower in the morning session on Wednesday.

According to Benzinga Pro, PLTR stock has gained 74% in the past six months. However, the latest downfall comes after Mizuho analyst Matthew Broome downgraded Palantir from Neutral to Underperform but raised the price target from $21 to $22.

Investors can gain exposure to the stock via REX AI Equity Premium Income ETF AIPI and Global X Funds Global X Defense Tech ETFSHLD.

Also Read: Is Palantir Stock The ‘Most Underrated AI-Exposed Play In The Market’?

Palantir’s results for its second quarter ended June 30, 2024 will be released on Monday, August 5, 2024, following the close of U.S. markets. 

Palantir recently guided for second-quarter revenue of $649 million to $653 million and full-year revenue of $2.677 billion to $2.689 billion.

Is PLTR A Good Stock To Buy?

Wall Street analysts view Palantir Technologies on the whole as a Neutral, given the history of coverage over the past three months. Rishi Jaluria from RBC Capital in Palantir Technologies is the most optimistic, expecting a 80.0% rise in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Palantir Technologies rose 33.84%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 20.78% over the past year.

A complete overview of how Wall Street views individual stocks is available here, while real time updates on the latest analyst actions will be delivered via Benzinga PRO. Try it for free.

Price Action: PLTR shares are trading lower by 0.88% to $28.42 at last check Wednesday.

Image via Shutterstock

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