Wall Street Turns Bearish on Palantir Stock Due to High Valuation

Palantir Technologies (PLTR) has seen significant growth, but Wall Street is turning bearish due to its high valuation. The stock's price-to-sales ratio has jumped to 119, more than triple that of any other S&P 500 stock. Analysts rate the stock a hold or sell, with an average price target of $155, implying 7% downside. The main reason for caution is the unsustainable high valuation, which could lead to a crash if the business doesn't live up to expectations.