Monness, Crespi, Hardt just released their rating for PLTR. As of Apr 10th, 2022 Monness, Crespi, Hardt rates PLTR as a buy, compared to their previous rating of hold for PLTR.
To give you some perspective, Monness, Crespi, Hardt covers 24 companies. We can take a look at the overall rating distribution across these companies. Here is the rating breakdown for the 24 companies it currently covers:
17 Buys
7 Holds
0 Sells
Here is the recent performance history when Monness, Crespi, Hardt initiates a Buy rating:
In the last month, 58.82% of their Buys have performed well, with an average return of 432.81%.
Here is the current analyst rating distribution for PLTR. In total there are 16 PLTR analyst ratings.
5 Buys
4 Holds
7 Sells
Analyst Ratings have provided relatively strong indicators of future price movement, which is why they are used to determine a PLTR stock forecast. However, this shouldn't be the only factor when determining whether to invest in Palantir Technologies Inc.,
I would use Analyst Ratings as a datapoint along with other fundamental indicators and investment metrics. We have also seen the impact of Analyst Ratings on stock price, when it comes to upgrading or downgrading a stock.