Some say that $PLTRB is overvalued, but there’s a number they can’t seem to answer—Palantir’s customer retention rate and renewal growth. Critics focus on the P/E ratio, yet fail to see how strong this company’s stickiness is on both the government and enterprise sides. Once customers use their platform, switching costs are extremely high—this is the moat. Short-term stock-price fluctuations are normal; the long-term thesis hasn’t changed.