Why You Should Think About Palantir Differently Now

Palantir Technologies (PLTR) stock trades at 78.2 times sales, compared to 3.1 for the S&P 500. Investors paying that premium need to know exactly what they are buying, and the case Palantir makes has evolved. During the fiscal Q3 2024 earnings call, executives highlighted the fast-growing number of U.S. businesses signing on as customers. By the latest call in fiscal Q2 2026, the focus had shifted. So what does management talk up now.