Palantir (PLTR) stock is sinking 6% today after Morgan Stanley analyst Sanjit Singh assumed coverage of the shares with an Underweight rating this morning. Singh noted that the company had become “a top partner” when it comes to fast AI projects,

The software AI darling Palantir (PLTR) has seen its stock price rise by around 360% over the last twelve months, making it one of the most

Palantir (NASDAQ: PLTR) was one of the best-performing stocks of 2024. The analytics and software management platform for government agencies, the military, and big business soared 340% for the year and sports a market cap of $167 billion as of this writing.

On December 6, Sanjit Singh, a Morgan Stanley (NYSE: MS) enterprise software equity analyst, gave Palantir stock an ‘Underweight’ rating, with a $60 price target. If met, his forecast would equate to a 24.78% downside from the current price of a Palantir share.

Palantir (NASDAQ: PLTR) stock posted another month of strong gains in December's trading. The company closed out the period with its share price up 12.7%, according to data from S&P Global Market Intelligence.