Palantir Technologies Stock Falls Despite Positive News
ByAinvest
Tuesday, Mar 24, 2026 12:50 pm ET1min read
PLTR--
Palantir Technologies stock fell 4.1% despite positive news. The Pentagon is poised to designate Palantir's Maven Smart System as an official "program of record," and the company was awarded a contract by the UK's Financial Conduct Authority to help investigate fraud and money laundering. The stock is expensive at 245 times earnings, but its valuation is supported by rapid adoption of its AI tools and accelerating revenue growth.
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