While it's well off its recent highs, Palantir Technologies (PLTR 5.53%) was one of the best-performing stocks in 2024 and early 2025. However, those gains have led to an extreme valuation, with the stock trading at a forward price-to-sales (P/S) multiple of 52 times 2025 analyst revenue estimates.The company has been seeing accelerating revenue growth, with revenue climbing 36% last quarter, led by a 64% jump in U.S. commercial revenue. The company's success stems from its focus on the application and work ...