Navigating Palantir's Stock Performance Amid Analyst Downgrades and Upgrades

Palantir's strong position in artificial intelligence has made finding a catalyst for its high-flying shares more challenging, according to an analyst. Raymond James' Brian Gesuale downgraded Palantir's stock to outperform from strong buy, citing the recent run in shares coupled with a premium valuation. However, he remained upbeat about the company's ability to capitalize on the rush of interest around AI and lifted his price target on the stock to $18 from $15. Palantir could see 40 customer additions for its AI platform this year, followed by at least 90 in each of the next two years, by his math.