From Nasdaq: 2025-03-21 07:22:00

Palantir stock has plummeted almost 30% since hitting an all-time high just four weeks ago. The Nasdaq sell-off and uncertainty over tariffs are contributing factors to the decline, with concerns over government spending also impacting revenue. Analysts forecast 32% revenue growth, but the stock’s high valuation raises questions about its future performance.

Despite Palantir’s strong financials, with over $1.1 billion in positive free cash flow last year, the stock is still up 267% over the past year. Trading at high multiples compared to competitors like Alphabet and Microsoft, the stock is considered overvalued. The uncertainty surrounding its future performance and valuation is causing investors to sell off, leading to a further decline.

Investors are being advised to consider new investment opportunities, with the potential for substantial returns. Analysts have identified three companies with “Double Down” stock recommendations, highlighting the success of past picks like Nvidia, Apple, and Netflix. This second chance at investing in promising companies could yield significant profits for investors willing to take the risk.



Read more at Nasdaq: Why Palantir Stock Has Fallen 30% in a Month, and Why Continued Declines Are Inevitable