Palantir Technologies (NYSE: PLTR) has been a divisive stock ever since the company went public via a direct listing in September 2020. The data mining and analytics company started trading at $10 per share, skyrocketed to an all-time high of $39 during the buying frenzy in growth and meme stocks in January 2021, then retreated to about $19.

The bulls praised Palantir's established business with the U.S. government, where its Gotham platform gathers intel for the military and various agencies. They also believed it could leverage that battle-hardened reputation to expand the adoption of its Foundry platform by large commercial customers. The bears argued that Palantir's dependence on government contracts limited its long-term growth, it faced too many competitors in the commercial market, and its stock was too expensive.

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Source Fool.com