To The Moon

$Palantir Technologies Inc.(PLTR)$ Would you hold on to $Palantir Technologies Inc.(PLTR)$  ?

Yes — I would consider Palantir (PLTR) a long-term holding, but I would treat it as a high-growth, high-valuation position, not a core defensive holding like MSFT or GOOGL.

The key issue in September 2026 is not whether Palantir’s business is growing — it clearly is. The issue is how much of that future growth is already priced into the stock.

Why I like the long-term business

Palantir’s latest numbers are unusually strong:

* Q2 2026 revenue: $1.935B, +93% YoY

* U.S. commercial revenue: +149% YoY

* U.S. government revenue: +90%

* U.S. commercial remaining deal value: $6.24B, +124% YoY

* Adjusted operating margin: 62%

* Adjusted free cash flow margin: 63%

* Management raised FY2026 revenue guidance to roughly $8.15B, implying about 82% growth.

That’s important because the story is increasingly becoming commercial AI adoption, rather than simply relying on government contracts.

Palantir is also continuing to expand its ecosystem through partnerships with companies such as NVIDIA, Fujitsu and others.

The big problem: valuation

This is where I’d be cautious.

At roughly $190/share, Palantir’s market cap is around $460B, with a trailing P/E around 164x and forward P/E around 85x. Its price/sales ratio is around 80x.

So even if Palantir continues growing extremely rapidly, the stock doesn’t necessarily have to rise rapidly.

For example:

Scenario Business outcome Possible stock implication

🚀 Exceptional 50–70%+ growth continues for years Valuation can remain very high

🟢 Strong Growth falls toward 30–50% Business excellent, but multiple may compress

🟡 Normalization Growth falls toward 20–30% Significant valuation pressure possible

🔴 Disappointment Growth/margins materially slow Large drawdown possible

That’s the unusual part of PLTR: a great company can still produce a mediocre investment return if you pay too much.

What I’d personally watch

For a 5+ year holding period, I’d focus on four things rather than the daily price:

1. Commercial revenue growth — can it remain >40–50%?

2. Commercial RDV — currently growing extremely quickly.

3. Free cash flow/margins — Palantir’s economics are exceptionally strong right now.

4. Valuation — ideally, earnings/revenue grow faster than the multiple expands.

The Q2 numbers give Palantir a very strong fundamental foundation, but the valuation leaves little room for a major slowdown.

Long term: Hold/accumulate on substantial pullbacks rather than chase.

At ~$190, I would not regard PLTR as a cheap stock. I would regard it as a potentially exceptional business at an exceptionally demanding valuation.

If you don’t own it yet, I’d rather build it gradually than make one large purchase. If you already own it at a substantially lower price, I’d be much more inclined to hold it for 5+ years and let the business grow into the valuation.

As for me I have decided to sell mine and move my capital to other higher potential stocks!