Palantir Stock Has Fallen 30% From Its High. History Says This Will Happen Next.
Palantir Technologies (NASDAQ: PLTR) shares advanced 340% in 2024 as the data analytics company reported strong financial results amid growing demand for its artificial intelligence (AI) platform. That made it the best-performing member of the S&P 500 (SNPINDEX: ^GSPC) by a wide margin.However, Palantir has tumbled 30% since peaking near $125 per share on February 18. Insider selling and possible Pentagon budget cuts have factored into the drawdown, as have concerns about how tariffs will impact the U.S. economy.History says Palantir still has a long way to fall. Here's what investors should know.Continue reading
Palantir Technologies (NASDAQ: PLTR) shares advanced 340% in 2024 as the data analytics company reported strong financial results amid growing demand for its artificial intelligence (AI) platform. That made it the best-performing member of the S&P 500 (SNPINDEX: ^GSPC) by a wide margin.
However, Palantir has tumbled 30% since peaking near $125 per share on February 18. Insider selling and possible Pentagon budget cuts have factored into the drawdown, as have concerns about how tariffs will impact the U.S. economy.
History says Palantir still has a long way to fall. Here's what investors should know.
