Palantir Stock Just Got Cheaper – Will Buying The Recent Dip Pay Off?

Palantir (PLTR) stock, which was once viewed as one of the market’s most unstoppable AI plays, has pulled back sharply. Shares are down about 25% year-to-date (YTD) and now trade about 35% below their 52-week high despite the company’s solid performance. The recent weakness in PLTR stock is due to two primary concerns. First, valuation. For much of the past two years, Palantir commanded a premium valuation. Its extremely high valuation compared to peers weighed on investors’ sentiment. More News from Ba ...