Palantir Technologies (NASDAQ:PLTR) has come under intense selling pressure this year as investors rotated out of high-growth software companies and locked in profits following the stock's exceptional rally last year.
This sell-off has made it a bargain ahead of its earnings on Monday.
Palantir Stock Has Become a Bargain Palantir has always been one of the most expensive stocks in the United States because of its strong revenue and profitability growth.
It is still a highly overvalued company, with its trailing and forward price-to-earnings (P/E) ratio being 129 and 83, respectively.
These multiples are much higher than the technology sector median of 24.
