Analysts on Wall Street Lower Ratings for These 5 Stocks

03. Palantir Technologies Inc. (NYSE:PLTR)

Price Reaction after the Downgrade: -1.35 (-8.27%)

On August 31, Palantir Technologies Inc. (NYSE:PLTR), a prominent figure in the technology sector, encountered a significant transformation in its market position. This change was prompted by a strategic decision from Morgan Stanley to downgrade its stock rating, marking a notable shift in perspective regarding the company’s potential performance. Having been categorized as “Equal Weight,” which indicated a balanced assessment of the stock, Palantir Technologies Inc. (NYSE:PLTR) rating was revised to “Underweight” by Morgan Stanley. This shift in perspective implies a more cautious viewpoint, suggesting that the stock’s growth trajectory may now face headwinds compared to prevailing market expectations. Of particular significance, the price target for the stock also changed from $8.00 to $9.00 as part of the downgrade. This adjustment adds an additional layer of insight, highlighting the comprehensive evaluation carried out by analysts as they gauge the stock’s potential within the market. The immediate market response was discernible in the stock’s current price of $14.98, which experienced a substantial decline of -8.3%.