Palantir Stock Keeps Rising. Why an Analyst Says to Take Some Profits.

Palantir stock continues to march higher after the company’s well-received earnings report. The data analytics software company’s shares are up another 4% on Wednesday, boosting their gain for the year so far to 45%. Stephen Bersey, head of technology research at HSBC Global Research, on Wednesday cut his rating on Palantir shares to Hold from Buy, while keeping his $22 target price, or about $3 below recent levels.