Palantir Technologies is a company that makes special computer stuff. Their stock, which is like a piece of the company people can buy and sell, went up and down recently. One person who looks at the company, Matthew Broome from Mizuho, said he thinks the stock will go down more. But he also raised the price he thinks the stock could be worth in the future. Palantir will tell us how they did in the last few months soon, and people are watching to see if they will do well or not. Read from source...

Nabaparna Bhattacharya, Benzinga Editor, in the article titled "What's Going On With Palantir Technologies Shares Today?" brings to light the recent decline in Palantir Technologies Inc. (PLTR) shares following an analyst downgrade, despite its six-month gain of 74%. The downgrade came after Mizuho analyst Matthew Broome downgraded Palantir from Neutral to Underperform while raising the price target from $21 to $22. Despite gaining exposure to the stock via REX AI Equity Premium Income ETF (AIPI) and Global X Funds Global X Defense Tech (ETFSHLD), the downfall puts investors in a riskier position. Additionally, while Palantir guided for second-quarter revenue of $649 million to $653 million and full-year revenue of $2.677 billion to $2.689 billion, analysts view Palantir Technologies as a Neutral on the whole, with RBC Capital's Rishi Jaluria being the most optimistic, expecting an 80.0% rise in the stock in the coming year. The article presents a mixed bag of information, both positive and negative, making it difficult for readers to make informed decisions.

Based on the content of the article, Palantir Technologies' shares are experiencing a decline, following an analyst downgrade. This negative action is despite a recent six-month gain of 74% for the shares. However, the latest downfall comes after Mizuho analyst Matthew Broome downgraded Palantir from Neutral to Underperform but raised the price target from $21 to $22.

Overall, the sentiment for this article and the company in question could be seen as bearish, as it highlights a decline in stock price and a downgrade from a financial analyst.

- Palantir Technologies Inc. (PLTR) shares are experiencing a decline following an analyst downgrade despite a recent six-month gain of 74%. The downfall comes after Mizuho analyst Matthew Broome downgraded Palantir from Neutral to Underperform but raised the price target from $21 to $22. Investors can gain exposure to the stock via REX AI Equity Premium Income ETF (AIPI) and Global X Funds Global X Defense Tech ETF (SHLD).

- Palantir's results for its second quarter ended June 30, 2024, will be released on Monday, August 5, 2024, following the close of U.S. markets. Palantir recently guided for second-quarter revenue of $649 million to $653 million and full-year revenue of $2.677 billion to $2.689 billion.

- Wall Street analysts view Palantir Technologies on the whole as a Neutral. Rishi Jaluria from RBC Capital in Palantir Technologies is the most optimistic, expecting a 80.0% rise in the stock in the coming year.

- A complete overview of how Wall Street views individual stocks is available here, while real-time updates on the latest analyst actions will be delivered via Benzinga PRO.

Risks:

- Investors are advised to conduct their own due diligence before making investment decisions.

- The recent downgrade by Mizuho analyst Matthew Broome may affect investor sentiment and could potentially affect the stock's performance.

- Palantir's guidance for second-quarter and full-year revenue may not be realized, affecting investor confidence and potentially impacting the stock's performance.

- Wall Street's overall Neutral view of Palantir Technologies may indicate a lack of strong confidence in the stock's potential for growth, affecting investor sentiment.

- The stock's recent performance may not be indicative of future results, and investors should be aware of the potential risks associated with investing in Palantir Technologies.