Why Palantir Stock Just Set a 52-Week Low

Palantir Technologies stock dropped 5.2% and hit a 52-week low of $106.39 despite announcing new contracts with the U.S. Army and Zeta Global. The deals are not expected to significantly impact revenue, with the Zeta partnership generating only $100 million for Zeta over multiple years. However, the analyst notes the stock's valuation is becoming more attractive, approaching defensible levels with a price-to-FCF-to-growth ratio under 2.0.