Key Takeaways PLTR trades at over 225X forward earnings and more than 78X its forecasted revenues. High multiples demand not just strong growth but sustained overperformance to avoid compression. LMT and RTX offer lower volatility and steadier defense exposure at far more modest valuations.Palantir Technologies (PLTR) has emerged as one of the most talked-about names in the S&P 500, and not just for what it does, but for what investors are willing to pay for it. With a market capitalization of $358 billio ...