I put the company through my valuation model:
[PLTR Valuation Model](https://docs.google.com/spreadsheets/d/1opghlb7zNhnUMlCI0mJXyXRw_BHLgoiOm2pq3N8c0Qs/edit?usp=sharing)
The Enterprise Value is 235x projected operating income. I've posted before how the company wildly underinvests in cap ex and r&d compared to comparable software companies as well as Mag 7. Without any skunk works projects, there won't be any growth beyond what the analysts already are projecting.
Based on the company's revenue growth and operating margin, it should trade at about 10x trailing revenue, which implies an 89% downside.
