Analyst sets Palantir stock price target

Palantir (NASDAQ: PLTR) saw its stock plummet 12% on February 19, following reports that CEO Alex Karp had adopted a new stock trading plan, allowing him to sell nearly 10 million shares over the next six months. The decline was further compounded by reports that the Pentagon has been ordered to prepare for an 8% annual reduction in the U.S. defense budget for the next five years, posing a significant challenge for the company, which relies heavily on government contracts.Palantir one-day stock price chart. ...