Why Palantir Bulls Say This Week's Selloff Is an Opportunity To Buy the Dip

Category: Finance

Palantir shares fell 5% amid concerns over potential defense spending cuts, but analysts suggest this may be a buying opportunity. The company, heavily reliant on U.S. government contracts, could benefit from its AI platform in a tighter budget environment. Analysts from Wedbush and Loop Capital remain optimistic, with price targets significantly above current levels, indicating strong future potential.

Keywords: Palantir, stock market, defense spending

Source: Investopedia

Update At: 2/21/2025

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