Palantir Technologies is an exciting company, but its stock is not a buy now. Investors should consider waiting for a far better entry point, which may not come without a dramatic pullback from where it's already dipped in recent weeks.

Palantir Technologies Inc. (PLTR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.