Shares of Palantir Technologies look on track to extend their slide Wednesday after RBC Capital Markets analyst Rishi Jaluria downgraded the stock, warning of “cracks emerging in the story.”
Jaluria is concerned about a deceleration in Palantir’s government business as shown in the company’s Tuesday morning earnings commentary. While Jaluria had anticipated a slowdown, he noted that the growth rate for this part of the business was almost cut in half relative to the second quarter.
Palantir…
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