RBC said that shares of Palantir are still trading at an "unfavorable" risk-reward ratio, despite shedding 9% over the past three months.
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While praising Palantir's strong business, analysts remained concerned over the stock's elevated valuation.
Analysts remained overwhelmingly bullish on Palantir, although the company's lofty valuation stood out as a sore spot for some.
There are doubts about valuation in the Anthropic Mythos era.
Citi's $235 price target implies upside of 32% ahead for shares of Palantir.
Palantir reports after the market close on Monday. Increased competition is making the investment bank less confident.
Despite a recent minor bullish divergence, momentum remains broadly weak. This reinforces a broken primary trend.
