The Palantir share $PLTR (-3,33%) has lost a lot of value this week. Within two days, the share price has lost more than 15 percent. But there is no need to panic, says analyst Dan Ives from Wedbush, who sees the market reaction as exaggerated. 👍
There are two main pieces of news behind the price falls: Firstly, there are concerns that the new Trump administration could cut the defense budget, which would hurt Palantir's business. Secondly, a planned share sale plan by CEO Alex Karp caused uncertainty. Insider sales are often perceived negatively.
Despite these setbacks, Palantir is still up over 40 percent since the beginning of the year. Ives believes that the current situation represents a buying opportunity.
What do you think of the Palantir share? Is now the right time to invest?
