Palantir Technologies Inc. experienced a 3% drop in stock value amid market reactions to impending tariff announcements, further exacerbating a year-to-date loss of over 11%. While Loop Capital analyst Mark Schappel has reduced the price target to $125, he maintains a buy rating. Nevertheless, optimism persists due to Palantir's robust sales guidance for 2025, projecting earnings between $3.74 billion and $3.76 billion. The broader big data market is expected to grow significantly, with Palantir positioned as a market leader, although insider selling raises investor concerns.
"Shares of Palantir Technologies Inc. fell by -3% in a.m. trading on Monday as the market reacted negatively in the lead-up to President Trump's 'Liberation Day' tariff announcement on April 2."
"Analyst Mark Schappel of Loop Capital has lowered the price target for Palantir to $125 from $141, while maintaining its buy rating, reflecting mixed market sentiment and insider stock sell-offs."
"The market for data services is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028, an increase of 82.2%, positioning Palantir as a critical player in this expanding sector."
"Palantir's stock price has risen more than 806% since going public on Sept. 30, 2020, establishing the company as one of Big Data's leading industry dominators despite recent stock volatility."
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