Palantir and CoreWeave Face Analyst Downgrade Risks
Palantir Technologies (NASDAQ: PLTR) shares have surged 109%, while CoreWeave (NASDAQ: CRWV) has grown 175% this year. However, analysts warn of potential declines, with Jefferies placing Palantir’s target price at $60 (implying a 62% drop from its current $158) and Morgan Stanley setting CoreWeave’s target at $58 (a 47% drop from $110).
Financial Highlights
Palantir specializes in analytics software for various sectors, trading at 126 times sales, making it the most expensive stock in the S&P 500. CoreWeave, which reported a 420% increase in revenue to $981 million, carries $8.7 billion in debt. Despite impressive metrics, both companies face valuation concerns and market volatility.
