Palantir Technologies (NASDAQ:PLTR) remains a highly divisive stock for certain investors. On the one hand, this is a top-tier growth stock that's certainly provided plenty in the way of gains for those willing to put their capital to work in a company with the potential to provide exponential growth.

Could Palantir Technologies stock (NASDAQ: PLTR) drop to $60 in the near future from its current price above $120? Does this seem unlikely?

Investment bank Loop Capital sees the plunge in Palantir Technologies (PLTR) stock as a buying opportunity. Discover the Best Stocks and

Palantir Technologies' stock price dropped 12.9% due to the Pentagon's budget cut and Alex Karp''s trading plan, but there's more.

Palantir Technologies Inc (NASDAQ:PLTR) shares are trading lower Thursday, adding to losses from Wednesday due to the potential for new defense spending cuts.

Palantir has been on a tear, gaining roughly 800% over the past three years, but two developments this week have sent the stock reeling. First, reports emerge

Palantir stock is continuing to slide Thursday as investors weigh a CEO stock sale and potential defense budget cuts. Here’s what you need to know.

Related: Walmart, Booking.com will rock markets in a busy earnings week But there was probably more behind the selling, including that Palantir's shares had become way too pricey and were vulnerable to a selloff.

Shares of Palantir Technologies ( PLTR -10.08%) fell on Wednesday. The company's stock lost 10.1% as of market close and lost as much as 12.9% earlier in the day. The drop comes as the S&P 500 ( ^GSPC 0.