Palantir stock rebounds after AI rout as Cognizant tie-up lands and Jefferies flags valuation risk
Palantir shares rose 3.7% to $134.86 Friday after heavy trading, rebounding from a 6.8% drop Thursday. Jefferies maintained an underperform rating and $70 target, citing valuation concerns. The company reported Q4 revenue up 70% to $1.407 billion and announced a partnership with Cognizant. UK lawmakers called for a review of Palantir’s public-sector contracts.