Palantir Technologies is overvalued now, particularly if you consider the price-to-sales (P/S) ratio. The stock's price to sales ratio is 110.30 for Palantir. As a reference, a P/S between 10 and 20 is what you have for high-growth stocks.

Palantir Technologies (NASDAQ: PLTR) is an excellent example of how this can work. Let's dig deeper to see if the data analytics and artificial intelligence (AI) leader is still capable of multibagger long-term returns.

Shares of Palantir Technologies (PLTR) have been on a tear in 2025, with the stock climbing 72% year-to-date and an eye-popping 403% over the past 12 months. On Thursday, June 26, Palantir surged another 0.