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Is Palantir Stock Going to $200?

TheMotleyFool

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Palantir Technologies (NASDAQ: PLTR) stock has lost 30% of its value from its 52-week high that it hit in early November last year, when shares were trading at just over $200.

The stock's pullback in recent months is the result of an expensive valuation, as well as the recent sell-off in software stocks following artificial intelligence (AI) start-up Anthropic's launch of a new AI tool that reportedly poses a threat to traditional software companies. But will Palantir stock be able to overcome the recent weakness and reclaim the $200 milestone once again?

Let's find out.

Source Fool.com

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