From Nasdaq:

Shares of Palantir Technologies, Inc. (PLTR) have been underperforming the market, dropping around 20% in the last six months. Although experts argue that the stock is undervalued, analyst Brent Thill downgraded the stock to Underperform from Hold. Thill criticizes the company’s artificial intelligence story as “overhyped,” but CEO Alex Karp remains optimistic. Revenue growth is expected with projected yearly earnings and revenue growth. The analyst community, however, remains cautious. In Q3, Palantir reported a 17% year-over-year revenue growth, impressive margin profile, and strong adjusted free cash flow. Assuming continued growth, Palantir’s revenue growth rate is poised to accelerate, making it a good stock to invest in.



Read more: Palantir Technologies (PLTR) Q4 2023 Earnings: What to Expect