Palantir's (PLTR) stock was among the 澳洲幸运5官方开奖结果体彩网:S&P 500’s worst performers Monday, as shares extended losses since hitting an all-t𝔉ime high last month. 

The AI analytics company’s stock price plunged 10% to close at $76.38—bringing it nearly 40% off its 澳洲幸运5官方开奖结果体彩网:record close at $124.62 on Feb. 18. The latest drop comes amid a 澳洲幸运5官方开奖结果体彩网: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 ea꧋rnings growth will eventually lead investors to reengage with AI-exposed🀅 stocks,” the analysts said. 

Palantir Called Well-Placed To Support Gov𓆏ernment Cuts

Also last week, William Blair analysts suggested Palantir could be uniquely positioned to 澳洲幸运5官方开奖结果体彩网:support efforts to trim government spending directed by the Trump administration's 澳洲幸运5官方开奖结果体彩网:Departme💧nt 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.