Palantir stock is egregiously overvalued at a forward P/E ratio of well past 400. Bank of America analyst recommends investing in V2X stock.

The stock has climbed 2.5x since early January and now trades at around $185 per share. After such a rapid ascent, should investors holding sizable gains cash out?

Palantir's stock is rallying after another excellent quarter. The company's sales hit $1 billion in the second quarter and profits more than doubled. Its valuation has eclipsed that of many blue-chip stocks.