Palantir made great strides recently in turning speculative AI opportunities into real, revenue-generating applications. See why I'm rating PLTR stock a sell.

Palantir’s stock has outperformed the S&P 500 by a wide margin in recent years, but Raymond James has concerns about the stock’s valuation.

Palantir Technologies Inc. (NYSE: PLTR) began trading as a member of the S&P 500 index on September 23, 2024. Inclusion in the index was a long-time goal of Palantir. It’s also a significant milestone for retail investors who have largely driven the growth of PLTR stock since it went public via a direct listing in 2020.

Palantir Technologies (PLTR) stock has been climbing lately, but today it's off its peak price. Analysts have also been raising their price targets, but PLTR stock is still over those targets. One way investors can play this is to sell short out-of-the-money puts.

Palantir (NYSE:PLTR), a big data analytics giant, initially built its reputation by catering to U.S. intelligence agencies. While government