Palantir (PLTR) shares are under scrutiny as RBC Capital analyst issues a bearish note, maintaining an “Underperform” rating with a $50 price target, signaling a potential 70% downside. The stock has already dropped over 20% in the past two months. RBC advises reducing exposure to PLTR due to declining government and commercial contract values. Palantir insiders have been selling stock, and the company’s forward P/E ratio is over 200x, making it one of the priciest AI stocks. While some analysts see potential upside, the consensus rating on PLTR remains at “Hold.”

Read more at Barchart: This Analyst Warns Palantir Stock Could Plunge to $50. Should You Sell Shares Now?