Palantir Stock Downgraded by Analyst Despite 2023 Gains, Citing Need to Prove Generative AI Revenue Growth
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Jefferies analyst downgrades Palantir stock to underperform, calls it "overhyped on AI"
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Palantir stock has fallen 5% in 2024 as of Thursday, but gained 167% in 2023
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Bulls see AI software as growth driver, but Palantir needs to show revenue from new generative AI offerings
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Palantir expanding beyond government into health care, energy and manufacturing sectors
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Some technical ratings for Palantir stock have dipped recently