After a 30% Decline, Is It Time to Buy the Dip on Palantir Stock?
A high valuation and geopolitical uncertainty have battered the stock.
For several years, Palantir Technologies (NASDAQ: PLTR) seemed invincible. The stock rallied as much as 1,250% over the past two years before gravity took hold. Proposed spending cuts by the U.S. government and a high multiple weighed on Palantir stock, which is down roughly 30% (as of this writing) since its peak in mid-February.
After a slump of those proportions, is it finally time to buy the stock?
Palantir was riding high before some recent developments conspired to take the wind from its sails.
