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Palantir stock was down 5.38% as of 11:45 a.m. ET. A pullback in Palantir stock seemed inevitable after it had jumped more than 50% since its earnings report on Nov. 4, lifting its price-to-sales ...
So why the hold rating and the expectation for the stock to fall nearly 40%? In a word, valuation. Palantir Technologies had a monster year 2024, especially after the November elections.
Palantir stock fell more than 5% Thursday, adding to its 10% drop the prior day, following a report the Trump administration is planning deep cuts to the defense budget.
Palantir (NASDAQ: PLTR) stock is getting hit with another day of substantial sell-offs in Thursday's trading. The company's share price was down 6.8% as of 2:20 p.m. ET amid the backdrop of a 0.7% ...
Shares of Palantir (NASDAQ: PLTR) are seeing big sell-offs in this week's trading. Meanwhile, the S&P 500 index is down 0.4% over this stretch, and the Nasdaq Composite index is down 0.7%.
Palantir (NASDAQ: PLTR) stock saw big sell-offs in Wednesday's trading. The software specialist's share price ended the daily session down 10.1% and had been off as much as 12.9% earlier in trading.
This brings up an important reality for investors: Even though Palantir's business is growing, the stock price can still drop. Few companies have ever traded for 50 times sales and been a winning ...
The market is often cruel to new S&P 500 members.
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