Palantir (PLTR) is scheduled to report quarterly financial results. The stock has been on a downtrend after hitting record highs over $200 per share, currently trading just above $159. Despite its strong market position, especially with the US government, and recent expansion in commercial enterprise, the stock appears overvalued. My discounted cash flow valuation indicates an intrinsic value per share of under $94, significantly below the current market price. While the company has strong fundamentals, its current valuation suggests it might be a poor investment if too expensive. The speaker would be more interested in buying PLTR if the market price falls closer to $120 per share, especially after solid earnings reports and forecasts.