Is Palantir Set to Drop Nearly 30%?

Palantir Technologies (PLTR 1.22%) has surged in the double-digits this year even as many other tech stocks struggled -- and the artificial intelligence (AI) software company's valuation also has soared. Now, is Palantir set to drop nearly 30% as the average Wall Street forecast suggests? No, Palantir stock isn't necessarily heading for tough times in the months to come.It's true Palantir shares, trading for 237 times forward earnings estimates, are expensive, but it's important to remember this isn't a new ...