Palantir Stock Is Down 32% From Its Record High. History Says This Will Happen Next.
Palantir Technologies (PLTR 0.18%) made history when it peaked near $125 per share on Feb. 18, achieving an unprecedented valuation of 61 times forward sales. The stock at that point had skyrocketed 625% since January 2024, making it the best-performing member of the S&P 500 (^GSPC 1.59%) during that period by a wide margin.
However, disappointing economic data and concerns about tariffs set to take effect in early March have since rattled Wall Street. Palantir has tumbled 32% from its record high in the past week amid a drawdown in the broader market, and history says the stock has further to fall.
History says Palantir stock still has a long way to fall
Palantir made history on Feb. 18 when its forward…
