Palantir’s stock has had a meteoric run. Why this analyst is hitting pause.

Palantir Technologies Inc. shares have enjoyed a strong recent run, but an HSBC analyst thinks the rally could cool.

HSBC’s Stephen Bersey downgraded the stock to hold from buy Tuesday, calling out what he saw as a “rich” valuation, with shares trading at a 3.16 multiple of price-to-earnings to growth.

Bersey, however, values Palantir’s stock…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.


Subscribe Now

Share:

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

Watch now…

Latest News

Daily News on Investing, Personal Finance, Markets, and more!

Financial News

Financial News

Policy(Required)

Financial News

Daily News on Investing, Personal Finance, Markets, and more!

Financial News

Policy(Required)