Palantir Technologies (NASDAQ:PLTR) Shares Down 2.3% - Here's Why
Market Beat·
- Palantir Technologies shares declined 2.3 % to $175.89 amidst surging long-term Treasury yields and profit-taking by major investors.
- The company recently reported strong quarterly performance with revenue reaching $1.94 billion and earnings per share of $0.41, surpassing consensus estimates.
- Wall Street maintains a consensus "Moderate Buy" rating with a target price of $192.19, supported by robust commercial and government demand.
