Palantir Stock Drops 40% From Peak Amid Market Decline

Despite recent losses, Palantir joins the S&P 100 and is projected for strong AI-driven growth by analysts.

Palantir's stock fell 11.47% on Monday to $75.22, marking a 40% decline from its February 18 peak of $125.41.
The drop aligns with a broader S&P 500 decline of 2.83%, driven by investor uncertainty surrounding Trump administration economic policies.
Goldman Sachs analysts project Palantir as one of the fastest-growing companies in AI-enabled revenue over the next two years, citing its technological advancements and earnings potential.
William Blair analysts highlight Palantir's AI platforms as key tools for government efficiency initiatives, aligning with federal spending cut priorities under the Trump administration.
Palantir will join the S&P 100 index on March 24, reflecting market confidence despite recent volatility, with its stock up 196% year-over-year.