CNBC Pro

RBC downgrades Palantir, says defense tech stock unlikely to hit growth targets

People stand in front a banner displaying Palantir Technologies Inc. signage during the company's initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020.
Michael Nagle | Bloomberg | Getty Images

It's time for investors to bail on Palantir after an earnings miss and weak guidance for the defense tech company, according to RBC Capital Markets.

More In Street Calls

CNBC ProBlackRock downgrades stocks, citing Fed over-tightening and China risk
CNBC ProMotorola is a defensive growth story that has plenty of upside potential, Morgan Stanley says
CNBC ProCiti downgrades several apparel stocks, including Gap, because of inflation hitting consumers