Palantir Stock Down 30%, Rotating Out of Overvalued Tech Stocks
ByAinvest
Saturday, Apr 4, 2026 7:42 am ET1min read
PLTR--
Palantir Technologies stock has declined 30% since peaking at $200 per share in October 2022, despite accelerating revenue growth of 70% YoY in Q4 and a 56% full-year increase. The stock is overvalued with a P/E ratio of 289 and a forward P/E ratio of 116. Investors may consider rotating into another AI highflier, Sandisk.
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