PLTR was a darling stock earlier in the year with the likes of Cathy Wood buying it at a high rate. It has since declined and has seen better days. Over the past 3 months or so PLTR has been stuck in consolidation as buyers and sellers seek to find whether or not PLTR is priced too high or too low. What we can look towards is how well PLTR did in their last quarter as they report earnings in the coming weeks. Now while PLTR looks neutral in the short-term, my view in the long-term is more optimistic. The current low price point, the all-time high set in January, and the rising consolidation all give me reason to believe that PLTR is due for a rise in prices.
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(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)