Wall Street analyst predicts Palantir stock to crash 76%

A Wall Street analyst is cautioning that Palantir’s (NASDAQ: PLTR) stock price could crash below $50, warning about the sustainability of the current momentum.Specifically, RBC Capital analyst Rishi Jaluria on October 28 reiterated an ‘Underperform’ rating on Palantir, setting a price target of $45, a potential downside of roughly 76% from the current trading price of $188.PLTR one-week stock price chart. Source: FinboldThe warning comes ahead of Palantir’s third-quarter earnings report, scheduled for relea ...