Palantir's Gravity-Defying Rally Faces Reckoning As Valuation Reaches Danger Zone

Palantir Technologies Inc. (NYSE:PLTR) has emerged as the brightest star of the S&P 500 over the past year, but its meteoric rise — up 440% in twelve months and 53% year-to-date through May 9 — is now confronting a valuation wall that even the hardest bulls are struggling to justify.

Is Palantir Trading At Bubble-Like Valuations: How High Is Too High?

With shares closing at $115 on Friday and peaking at a record $125 this week, Palantir is now trading at 500 times trailing twelve-month earnings, an outlier among all companies in the S&P 500 and Nasdaq 100.

That's nearly triple the valuation...