11 AI News and Ratings You Should Not Miss

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10. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 44  

Palantir Technologies Inc. (NYSE:PLTR) is an American company that specializes in software platforms for big data analytics. On November 7, Jefferies analyst Brent Thill downgraded the stock to Underperform from Hold with an unchanged price target of $28. The advisory said that trading at 38-times estimated 2025 revenue made Palantir the most expensive software name while insider selling had picked up on 10b5-1 plans. The company’s fundamentals were alive, but it will have to accelerate growth to 40% for four years straight and trade at 12-times estimated 2028 revenue just to hold its stock price, which seemed unlikely, the advisory told investors in a research note.

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