Palantir Stock Is Down 19% From Its Highs. Time to Buy the Dip?

The Motley Fool · Justin Pope · 2026-11-06 10:00 UTC

The stock continues to slide despite posting strong Q3 earnings.

Palantir Technologies (PLTR -9.73%) has been one of the biggest winners amid the artificial intelligence (AI) boom. The top AI stock set a new high early last month, rising to almost $213 per share.

But since then, the stock has cooled amid the broader AI sell-off gripping the markets. Palantir is currently down about 19% from its high (as of Nov. 4), a notable slide that invites a discussion about whether buying the dip is wise following yet another blowout earnings report.

Palantir is infamous for trading at a controversial valuation for most of the past several years. Yet there's an argument for buying Palantir stock. Here's why the stock looks like a long-term winner worth buying on its recent dip.

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