Is Palantir Stock Ripe for a Rebound?

Palantir Technologies (NASDAQ: PLTR) was among the biggest early winners of the artificial intelligence (AI) boom. Customers rushed to the company for its AI-driven software platform, and this helped supercharge Palantir's revenue growth. Investors rewarded this performance by piling into the stock, and that pushed it to a gain of more than 700% over three years. But recent times haven't been as easy for Palantir, at least from a stock performance perspective. While earnings growth and demand remain strong, the stock price hasn't followed. Instead, Palantir has fallen, heading for a loss of 26% so far this year. And this has made Palantir, a stock once considered very expensive, cheaper too. Is the stock ripe for a rebound at today's level? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool