KMI - Why Is Palantir Stock Dropping And Will It Recover?
- Palantir's stock has lost as much as 38% of its value this year and 57% from its November peak.
- The latest Palantir sell-off follows broader market declines that pushed the S&P 500 and tech-heavy Nasdaq 100 into correction territory last month.
- Markets have been extremely volatile since the Omicron variant outbreak in late November. And mounting macroeconomic headwinds stemming from an increasingly hawkish Fed have only worsened investors' angst.
- Yet, Palantir has continued to demonstrate a strong flow of both commercial and government deals throughout the fourth quarter and into the new year, which supports its growth outlook as well as its already-positive operating cash flows.
- Paired with its advanced technological competencies, Palantir remains well-equipped for capitalizing on growing data-driven opportunities ahead, making it an attractive long-term investment at current price levels.
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Why Is Palantir Stock Dropping And Will It Recover?