Should You Buy Palantir Stock on the Dip?

By Parkev Tatevosian, CFA – May 9, 2024 at 8:00AM

NYSE: PLTR

Palantir Technologies

Market Cap

$48B

Today's Change

(-1.68%) -$0.36

Current Price

$21.39

Price as of May 20, 2024, 11:48 a.m. ET

Palantir's stock price has dropped despite relatively good progress.

Fool.com contributor Parkev Tatevosian answers if Palantir Technologies (PLTR -1.68%) stock is a buy at current valuations.

*Stock prices used were the afternoon prices of May 6, 2024. The video was published on May 8, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.