Palantir Technologies Inc.’s hefty premium will be in focus when the data analysis software giant reports earnings after the market close on Monday — with the stock trading at levels some see as difficult to maintain.

Palantir Technologies shares are trading near all-time highs heading into its fourth quarter earnings report after the close of trading Monday, with analysts focused on the data-analytics group's profit and sales forecast for the coming year.

Palantir bet on software that allows companies to deploy large-language models in a practical sense, and management says that’s paying off big time.