At the close of trading on Jan. 29, shares of Palantir Technologies Inc. (NASDAQ: PLTR) were down 10.4% over the last five trading days. That extends the stock’s year-to-date loss to 14.5%. Trading at around $152, PLTR is down roughly 26% from its all-time high in October. Why are investors recalibrating expectations heading into the company’s earnings report on Feb. 2?
Analysts cite a mix of factors driving the pullback. Let’s start with the source of the most recent pullback. That is, renewed headlines about Palantir’s government partnerships, which include its long‑running work with U.S. Immigration and Customs Enforcement (ICE).
