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

Published Tue, May 10 20226:58 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

People stand in front of a banner displaying Palantir Technologies Inc. signage during the company's initial public offering, in front of the New York Stock Exchange, 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.

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