AI Analyst Downgrades Palantir Stock Amid Valuation Concerns
Palantir Technologies (PLTR), a standout in the AI stock rally this year with gains exceeding 119%, faces headwinds as momentum wanes. The stock has retreated 9% over the past week, pressured by valuation anxieties and broader fears of an AI bubble. While Nvidia’s robust earnings temporarily buoyed sentiment, TipRanks’ AI Analyst Rina Curatex has downgraded PLTR from Buy to Hold, slashing the price target from $232 to $188—a modest 13.65% upside.
The company’s Q3 performance and government contracts remain bright spots, but technical indicators and rich valuations now weigh on its outlook. TipRanks’ automated scoring system assigns PLTR a 69/100, reflecting this tension between strong fundamentals and market skepticism.