Palantir Stock Is Down 30% From Its All-Time High. Here's Why It Could Plummet Further.

There were few better stocks to own in 2024 than Palantir (NASDAQ: PLTR). It rose 341% in just a year, and 2025 hasn't been so bad, either. It has risen around 20% so far this year, but at the time of this writing, it is down 30% from its all-time high set just a few weeks ago. However, I don't think this is a buying opportunity, as this could be the start of an even larger decline. The issue with Palantir's stock has never been the business, as it's a phenomenal company. But there are far too high expectations baked into the stock price, and this pain could get worse before it gets better.Palantir's data analytics software has found a strong customer base, including commercial and government clients. This software can best be described as data in and insights out, and it uses artificial intelligence (AI) to help process this data. Clearly, there is a huge demand for AI-powered software applications, and Palantir has risen to the challenge of this new demand.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool