- Palantir has underperformed the broader market this year with declines of more than 20% while the Nasdaq 100 and S&P 500 have both rallied close to 30%.
- The stock's latest plummet was triggered by signs of deceleration in the company's government segment, a core driver of the consolidated business growth.
- However, new contract wins and renewals from both the public and private sectors observed over the last three months indicate Palantir is readying to end the year with strong fundamentals.
- The narrative surrounding the stock's bullish thesis also remains intact, with continued demand for holistic data compilation and analytics solutions like Foundry and Gotham to support improved decision-making in the increasingly digital landscape.
- This points to a potential rally in the new year, making the stock's current price levels an attractive entry point.
For further details see:
Palantir: A Rebound May Be In Order With Potentially Stronger-Than-Expected Earnings Ahead