Palantir stock falls as Mizuho cuts rating to sell; sees over 20% downside risk
) stock from Neutral to Underperform, saying the big data analytics software maker’s rich valuation is becoming “hard to justify.”
Mizuho notes that some of the recent positive results have been of lower quality and express limited confidence in Palantir’s ability to consistently deliver strong results. Moreover, PLTR's current near-term EV/Sales multiple “is at peak levels as measured over the past 2-3 years.”
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