Here's Why Palantir Stock is a Buy Despite 26% Fall in a Month

Shares of Palantir Technologies Inc. (PLTR) are down 26% from their record high on Feb. 18 and have mostly traded in the red over the past month. Palantir faced a recent decline despite being the market favorite for the past year with a 266.9% surge, outpacing NVIDIA Corporation’s (NVDA) 33.8% gain. The stock was also the best S&P 500 performer in 2024. Image Source: Zacks Investment ResearchSo, let’s analyze the reasons behind this downturn, and why the Palantir stock is still a buy.Why is Palantir Stock P ...