After Palantir’s 18% Drop, the Stock Is Trading Near Wall Street’s Price Targets. Time to Buy?
This AI player has delivered earnings and share price performance over time.
Some investors and analysts alike have expressed mixed feelings about Palantir Technologies (PLTR 2.67%) over the past couple of years. Yes, demand for the company’s software has been booming and translating into fantastic earnings growth. But this also has resulted in a soaring valuation as other investors piled into the stock. Palantir has traded for as much as 289 times forward earnings estimates in recent times, a level that many consider exorbitant.
But in recent weeks, Palantir stock has pulled back, dropping as much as 18% since early August. And this movement has pushed the stock price to a few dollars away from Wall…
