Any analysis of Palantir Technologies Inc. (NASDAQ: PLTR) inevitably returns to valuation. Investors are told that fundamentals matter, and then they look at what’s going on with PLTR stock. It’s the top-performing stock in the S&P 500, soaring to a new all-time high since the company reported earnings on August 4.
Palantir had a strong report, with one of the highlights being its Rule of 40 score, which came in at an eye-popping 94%. That went along with revenue and earnings that came in above estimates, higher year-over-year (YOY), and bullish forward guidance.
