Stock Track | Palantir Technologies (PLTR) Plunges 5.03% as Concerns Mount Over Lofty Valuation and Growth Prospects
Palantir Technologies Inc. experienced a significant plummet of 5.03% during Tuesday's intraday trading session. The decline came amidst mounting concerns over the company's lofty valuation and potential challenges to sustaining its rapid growth trajectory.One of the primary factors contributing to the stock's decline was a cautionary note from Wall Street analyst Rishi Jaluria of RBC Capital. Jaluria set a price target of $11 for Palantir, implying a staggering 86% downside from its current le