Palantir's price-to-sales ratio of 114 is way above OpenAI's 17. Palantir's success in defense work could block access to growth as enterprise AI payoff remains elusive

Veteran analyst revamps Palantir stock after slump originally appeared on TheStreet. Over the past five trading days, Palantir stock has fallen 15%, sparking hesitation among investors looking for a bottom. Earlier this month, the artificial intelligence software provider posted a strong earnings report that pushed its shares to record highs.

That rise has made Palantir extremely pricy. Shares now trade at a multiple of 214 times expected earnings over the next 12 months, compared to an S&P 500 average of 22 times earn