Palantir Stock Tumbles Monday, Now Nearly 40% Off Record High
Key Takeaways
Palantir’s (
PLTR
) stock was among the
S&P 500’s
worst performers Monday, as shares extended losses since hitting an all-time high last month.
The AI analytics company’s stock price plunged 10% to close at $76.38—bringing it nearly 40% off its
record close
at $124.62 on Feb. 18. The latest drop comes amid a
wider market sell-off
, with the S&P 500 shedding 2.7% on mounting uncertainty over the Trump administration’s economic policies.
However, Goldman Sachs analysts said late last week that they expect Palantir could be among the fastest-growing companies in terms of AI-enabled
revenue
over the next two years. Despite the recent market
pullback
, “we expect continued technological progress and earnings growth will eventually lead investors to reengage with AI-exposed stocks,” the analysts said.
Palantir Called Well-Placed To Support Government Cuts
Also last week, William Blair analysts suggested Palantir could be uniquely positioned to
support efforts
to trim government spending directed by the Trump administration’s
Department of Government Efficiency
. The analysts said they expect Palantir’s AI offerings to be “platforms of choice” for federal agencies creating centralized payment tracking systems.
Even after its recent run of losses, Palantir’s stock price has tripled in value over the past 12 months. The stock has gained about 1% since the start of 2025.
UPDATE—March 10, 2025: This article has been updated since it was first published to reflect more recent share price values.
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