Palantir Nearly 3X More Expensive Than Industry Average: PLTR Stock Zooms Over 395% Amid Overbought Conditions
Palantir Technologies Inc (NASDAQ:PLTR) has delivered a remarkable 395% return this year, outperforming the entire S&P 500. Despite this strong performance, concerns are growing about the stock’s lofty valuation, with a few analysts expressing caution due to potential overbought conditions.
What Happened: Palantir’s shares are trading at a price nearly 172 times over its 2025 earnings, according to Benzinga Pro data. At the same time, the average forward price-to-earnings of its peers stand at 59.440 times, implying that PLTR is nearly three times more expensive than its industry’s average.
| Stocks | Forward P/E | YTD Performance |
| Palantir Technologies Inc | 172.414 | 395.42% |
| Salesforce Inc (NYSE:CRM) | 30.581 | 33.42% |
| SAP SE (ETR: SAP) | 38.462 | 74.60% |
| Adobe Inc (NASDAQ:ADBE) | 22.075 | -22.40% |
| Intuit Inc (NASDAQ:INTU) | 33.670 | 7.03% |
| Average P/E | 59.440 | (As of Dec. 26 Close) |
The technical analysis of daily moving averages indicates a strong uptrend.
The stock ended at $82.41 apiece on Thursday. This was above its eight and 50-day simple moving average of $78.50 and $74.57, respectively. According to Benzinga Pro data, its …
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