Palantir Technologies (NASDAQ:PLTR) creates big data analytics software platforms that assist governments and companies in making difficult decisions. Its products are, Palantir Gotham and Foundry, allow for the connecting and analyzing of sensitive information for security agencies and commercial clients in sectors like finance and pharmaceuticals.

Palantir Technologies (NASDAQ: PLTR) is an excellent example of how this can work. Let's dig deeper to see if the data analytics and artificial intelligence (AI) leader is still capable of multibagger long-term returns.

Despite its elevated P/E ratio, Palantir can still provide investors with value. Its government contracts demonstrate how its revenue pipeline is sustainable.