Appearing on Yahoo Finance in the wake of Palantir Technologies (PLTR)’s first quarter earnings report, Third Bridge Forum Senior Analyst Jordan Berger explained why he believes that Palantir Technologies (PLTR) has such an extraordinarily high price-to-earnings ratio at this point.

After surging more than 300% in 2024, Palantir (PLTR) stock has recently been quite volatile. Valued at a market capitalization of $280 billion, PLTR stock trades just 8% below its all-time highs, as investors remain concerned over its lofty multiples.

After reporting Q1 earnings on May 5, shares of Palantir Technologies (NASDAQ:PLTR) sold-off despite beating Wall Street’s estimates on the top and bottom lines and raising its full-year forecast. But on Thursday,