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.

Key Takeaways Palantir shares tumbled Thursday on expectations of defense spending cuts; this week's losses put the stock in correction territory.Some analysts said the selloff could present a buying opportunity,