**Palantir Q3: Great Business, Uninvestable Stock**
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### Summary
Palantir Technologies delivered exceptional Q3 2025 results, with 63% year-over-year revenue growth powered by strong momentum in both commercial and government segments. PLTR’s operating leverage and cash flow are impressive, but its current market capitalization reflects a “bubblicious” 120x Price-to-Sales multiple, warranting caution.
Despite raising long-term growth assumptions, my updated fair value estimate is $57 per share—far below the current ~$207 price—implying significant downside. I reiterate a **Strong Sell** rating on PLTR due to its poor long-term risk/reward, despite admiring the underlying business fundamentals.
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### Introduction
Palantir Technologies, Inc. (NASDAQ: PLTR) stock is trading flat in the aftermath of its Q3 2025 earnings report, wherein the enterprise and government software company outperformed expectations across the board.
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### How Did Palantir Fare?
This article was written by a seasoned investor with a professional background in equity research, private equity, and software engineering. I currently serve as the Chief Financial Engineer at The Quantamental Investor (TQI), a community dedicated to achieving financial freedom through bold, active investing combined with proactive risk management.
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### Analyst’s Disclosure
I/we have no stock, option, or similar derivative positions in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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