Palantir’s Stock Surge Is Hype, Morgan Stanley Warns In Downgrade, Shares Plummet 12%
Topline Marking a sudden about-face from explosive growth in its two months since going public, shares of big-data analytics firm Palantir Technologies tanked 12% on Wednesday after a Morgan Stanley analyst warned that the company’s performance and outlook don’t back up the recent stock surge–another blow to the recently tepid market for high-flying tech stocks.… More