If you’re a Palantir (NYSE:PLTR) shareholder who bought in anytime in 2021, you’ll most likely be holding on to a very very red position right now. Palantir has indeed been trending down along with all other high-multiple growth stocks but other less talked about fears seem to have resurfaced as well.
To most, the Palantir story has indeed come to an end and I daresay that it is probably the most hated stock on the market at the moment. What exactly is going on and will Palantir eventually reach its fair value of $5?
Let us look at 4 reasons why this company is seeing so much weakness at present.
1) Missed Earnings
Palantir missed several targets at their latest earnings call, with the greatest letdown being their final adjusted EPS of $0.02 which is far less than the expected $0.04.
While everything else appeared rosy for the company, investors were quick to notice that Palantir’s government revenue has been decreasing drastically year over year....