Is Palantir Stock a Buy?

Palantir Technologies has surged over 3,200% from its 2022 low and recently pulled back before recovering. While the company delivers impressive productivity gains for clients, its valuation appears to already price in future growth. With a P/E ratio of 166 and forward P/E of 121, the stock price is years ahead of earnings performance. The author recommends watching rather than buying, citing significant downside risk if growth slows.