Mikhamet
2022-08-11

Ok

@StickyRice：
Palantir slips as Deutsche Bank downgrades over slowing government business Palantir Technologies (NYSE:PLTR) $Palantir Technologies Inc.(PLTR)$shares slipped on Tuesday after investment firm Deutsche Bank downgraded the data analytics software company after it issued second-quarter results, citing concerns about a slowdown in its government business. Analyst Brad Zelnick moved his rating on Palantir Technologies (PLTR) shares to sell from hold and put an $8 price target on the stock, noting the company does not have much going right at the current moment. "While we've always been more skeptical of Palantir's commercial opportunity, our thesis was rooted in what we saw as a uniquely strong position in Public Sector," Zelnick wrote in a note to clients. "Now with the Gov't business further decelerating off of easier compares and with diminished confidence/visibility ahead, we are left with very little to support our thesis." For the period ending June 30, Palantir (PLTR) said it lost an adjusted 1 cent per share, on $473M in revenue, up 26% year-over-year. Analysts were expecting the company to earn 3 cents per share on $471.72M in revenue. @TigerStars
Palantir slips as Deutsche Bank downgrades over slowing government business Palantir Technologies (NYSE:PLTR) $Palantir Technologies Inc.(PLTR)$shares slipped on Tuesday after investment firm Deutsche Bank downgraded the data analytics software company after it issued second-quarter results, citing concerns about a slowdown in its government business. Analyst Brad Zelnick moved his rating on Palantir Technologies (PLTR) shares to sell from hold and put an $8 price target on the stock, noting the company does not have much going right at the current moment. "While we've always been more skeptical of Palantir's commercial opportunity, our thesis was rooted in what we saw as a uniquely strong position in Public Sector," Zelnick wrote in a note to clients. "Now with the Gov't business further decelerating off of easier compares and with diminished confidence/visibility ahead, we are left with very little to support our thesis." For the period ending June 30, Palantir (PLTR) said it lost an adjusted 1 cent per share, on $473M in revenue, up 26% year-over-year. Analysts were expecting the company to earn 3 cents per share on $471.72M in revenue. @TigerStars

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