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Palantir downgraded to sell by Citi

Nano Dimension stock slides 12% premarket after company sells shares at a discount

Palantir Technologies
PLTR,
-2.60%
was downgraded to sell from neutral by Citi, though its price target was raised to $15 from $10. “After a 150+% rise in the stock since the September direct listing, we believe the stock is vulnerable heading into 2021 with the upcoming lockup expiry, and an expected deceleration in growth. Specifically we see risk around the lapping of COVID-19 related contracts, which have the potential to become headwinds in 2H21 into 2022,” the analysts said. They also flagged concern about its commercial business. Palantir closed Wednesday at $25.50.

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Christine Watkins

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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