One-Time Market Favorite Palaantir Drops 11% on Monday and is now down Nearly 30% from High

Palaantiir Shares tumbled on Monday, building on last week’s declines as the hot trade continued to show signs of sputtering.

The Technology and Defense Stock Dropped more than 9% on the day, on pace for its fourth straight losing session. That come after the stock fell 15% last week.

Last week’s declines came after the company Disclosed A New Stock Sale Plan for Ceo Alex Karp. Comments from defense secretary pete hegseth reported by the washington post on plans to slash defense budgets also rattled investors of the company, which relieves in part on government concentrations.

These moves have heightened fears that Palaantir balloon Over recent months – is now Falling from Grace. Indeed, the stock has plunged more than 23% compared with where it is sat a week ago.

Monday’s declines put the stock Around 28% below the all-time high not noticed earlier this month.

Still, The Stock is up Around 21% So far in 2025 – Outpacing the S&P 500’s Gain of Nearly 2% over the same period. Palantir was the best performance in the s & p 500 last year with a surge of more than 340%.

Palantir has gained a Cult Following of Individual Investors. Experts and company analysts point to karp’s eccentric persona and the stock’s big run up as two drivers of interest from this group.

On the other hand, the majority of analysts polled by lseg have a hold rating. The typical price target implies that shares can fall further.