Palintir gets a downgrade and a lower price target from HSBC ahead of first-quarter earnings

Competition for Palantir Technologies is heating up as artificial intelligence agents erode barriers to entry in its software space, according to HSBC, and that could hurt the stock. The investment bank downgraded its rating on Palantir to hold from buy, and cut its price target to $151 from $205, implying just 5% potential upside over the coming year compared with Friday's close. …