After a few years of spectacular gains, Palantir Technologies (NASDAQ: PLTR) stock has finally been cooling off.
Entering this week, it’s down 28% since the beginning of the year
Over a five-year stretch, its gains remain impressive at around 420%, but there’s clearly been less excitement around the company of late. Palantir’s stock is trading near its 52-week low of $122.68, potentially making it a more enticing value option for investors. The business has, after all, been generating some impressive growth.
Is now a good time to buy Palantir Technologies stock? Palantir has been a big winner due to AI Using artificial intelligence (AI) to enhance its platform has been a huge win for Palantir. Its data analytics software helps businesses and government organizations make the best decisions available.