Palantir Stock Plummets 20% Amid AI Valuation Concerns

Palantir's stock price plummeted nearly 20% in November, its worst month since 2023, amid valuation concerns and investor dumping of AI-linked names. CEO Alex Karp defended the company's strategy and growth trajectory, but deals like a multiyear collaboration with PwC UK and a contract with FTAI aircraft engine services firm did little to calm valuation concerns. Analysts' one-year price targets average $185.80, with a potential upside of +10.69% from the current price.