What's Going On With Palantir Shares Wednesday?
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Palantir shares fell 5.78% to $92.71 on Wednesday, influenced by Federal Reserve Chair Jerome Powell's concerns about the slowing U.S. economy and inflationary pressures from tariffs. Powell indicated that economic growth is weakening, which may lead to reduced spending on software and data contracts, potentially impacting Palantir's revenue. Additionally, Morgan Stanley analyst Sanjit Singh maintained an Equal-Weight rating and lowered the price target from $95 to $90.
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