Palantir Stock Slides Before Earnings: Citi Cut Raises One Big Question
Palantir Technologies shares fell 1.3% Tuesday after Citi cut its price target to $210 from $260, with the stock trading near $141. The company reports first-quarter results May 4, with Wall Street expecting 74% revenue growth and adjusted earnings of 28 cents per share. Cleveland-Cliffs announced a three-year deal to use Palantir’s AI platform. Germany’s military said it does not plan to award Palantir contracts for now.