Appearing on Yahoo Finance in the wake of Palantir Technologies (PLTR)’s first quarter earnings report, Third Bridge Forum Senior Analyst Jordan Berger explained why he believes that Palantir Technologies (PLTR) has such an extraordinarily high price-to-earnings ratio at this point.

After reporting Q1 earnings on May 5, shares of Palantir Technologies (NASDAQ:PLTR) sold-off despite beating Wall Street’s estimates on the top and bottom lines and raising its full-year forecast. But on Thursday,

Palantir shares climbed 5.4% during Friday's session, near their all-time high. The rally follows a string of high-profile defense deals and ongoing momentum from its fourth-quarter performance.