That's irrationally high for a company analysts estimate will grow earnings by an average of 25% annually over the long term. Even 50% annualized earnings growth wouldn't justify the current valuation. The last straw I found was the company's aggressive stock-based compensation, which effectively causes share dilution that will diminish the stock's per-share financials and, thus, its investment returns over time. The more shares there are, the more revenue and profits are spread across the shareholder base. Palantir's $691 million in paid trailing-12-month stock-based compensation represents an eye-watering 24% of revenue. Nvidia's stock-based compensation is just 3.7% of its trailing-12-month sales. Can Palantir Technologies continue ascending and reach a new all-time high? Of course! The market can do funny things, and I wouldn't pretend I can predict them.