Jim Cramer Says Palantir Is Not the Next Tesla
Palantir (PLTR) - Get Report got a downgrade from Credit Suisse to underperform. However, that doesn't stop Reddit from focusing on this stock.
Analyst Brad Zelnick said in a note to investors, which was titled "Well Ahead of Itself" that he sees "valuation disconnected from fundamentals with the stock now trading over 50% above our previous blue sky scenario."
"To be clear, we continue to believe Palantir offers a unique data analytics platform, helping organizations solve some of the most complex challenges in the world - including those related to the fight against Covid-19," Zelnick said.
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