But based on the growth trajectory of other big data companies like Salesforce (NYSE: CRM), its annual revenue increase could potentially decelerate and stabilize at about 20% over the following 10 years. The bears will argue that the high price-to-sales (P/S) ratio will limit its upside, especially as rising interest rates and inflation make many high-growth tech stocks less attractive. Palantir is making solid progress in the commercial market, but its Foundry platform still faces plenty of indirect competitors like C3.ai, Salesforce's Tableau, and Glue from Amazon Web Services.