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StockNews.com
StockNews.com
Business
Aditi Ganguly

Should You Buy the Dip in Palantir?

PLTR Palantir Palantir Technologies

Palantir Technologies Inc. (PLTR) develops software platforms for the United States intelligence agencies. Its software services are designed to assist in counterterrorism investigations and operations. The company’s popular software platforms are Palantir Gotham, Apollo, and Palantir Foundry. However, PLTR has an ISS Governance QualityScore of 10, indicating high governance risk.

Shares of PLTR slumped about 55% year-to-date and 34% over the past month. PLTR’s mixed latest quarterly results combined with the bearish market sentiment have caused the stock to plummet over this period. However, the stock has rebounded over the past five days, thanks to new government contracts.

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