Should You Buy the Dip in Palantir?
$Palantir(PLTR.US$ Shares of leading software platform Palantir Technologies (PLTR) have recently dropped after reporting its Q1 earnings report. However, over the past five days the stock has rallied somewhat, thanks to new government contracts signed by the company.
Palantir develops software platforms for the United States intelligence agencies. Its software services are designed to assist in counterterrorism investigations and operations. The company’s popular software platforms are Palantir Gotham, Apollo, and Palantir Foundry.
Shares of PLTR slumped about 55% year-to-date and 34% over the past month. PLTR’s mixed latest quarterly results combined with the bearish market sentiment have caused the stock to plummet over this period.
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Talklili : He will come back up.