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Wajeeh Khan

Analysts Are Calling for Red-Hot Palantir Stock to Fall 20% From Here

Palantir PLTR Loop Capital

Palantir (PLTR) stock tanked as much as 14% on Thursday, Feb. 20 following news that President Donald Trump’s administration wants the Pentagon to lower its budget in each of the next five years.

While the likes of Wedbush analyst Dan Ives believe the announcement is a positive for PLTR since it could redirect defense budget to the AI-enabled solutions that Palantir specializes in, most Wall Street analysts warn of significant further declines in the company’s share price ahead.

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