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Barchart
Barchart
Aditya Raghunath

Jefferies' Latest Warning on Palantir Sends Clear Message: Stay Cautious on PLTR Stock

PLTR Palantir Jefferies United States Brent Thill Alex Karp

Palantir Technologies (PLTR) just posted one of the strongest quarters in its history. Revenue grew 93% year-over-year (YoY), the fastest pace the company has ever reported, driving shares higher by more than 20% the day after the Q2 report.

Yet not everyone on Wall Street is celebrating. Jefferies analyst Brent Thill kept his “Underperform” rating on the stock, and his reasoning is worth paying attention to if you own shares or are thinking about buying in.

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