Shares of Palantir (PLTR) dropped more than 5% on Monday as the stock reacted to a new rating from Wall Street. Analysts from Morgan Stanley re-initiated coverage of Palantir with a “sell” recommendation.

Palantir (PLTR) stock is sinking 6% today after Morgan Stanley analyst Sanjit Singh assumed coverage of the shares with an Underweight rating this morning. Singh noted that the company had become “a top partner” when it comes to fast AI projects,

But last year, Palantir powered through with its government contracts and commercial ventures and, for the first time, i