Palantir (PLTR +0.28%) investors have had a fairly rocky 2026. For most of the year, the stock was losing money. However, starting in August, Palantir reversed the decline and has now gained about 12% for the year. That is roughly in line with the gain for the S&P 500 (^GSPC -0.52%).
However, if you survey the average Palantir investor, almost all of them will say that beating the market is their long-term priority for holding Palantir shares. So, 2026 has been a disappointing year so far. But as long-term investors, there is still plenty of time to deliver strong returns.
So, if you invested $10,000 into Palantir now, what could that be worth by 2030? And will it be good enough to beat the market? Let's take a look.
Image source: The Motley Fool.
Palantir's AI business is booming Palantir originally started off offering its AI platform to government entities. This was an incredibly popular offering, and Palantir's government contracts still make up the majority of its revenue stream today. However, Palantir also expanded to the commercial side of the business, and it's seeing huge adoption of its AI platform.
Essentially, Palantir is an AI platform that plugs into existing data streams and helps derive actionable insights. Through automation, Palantir can also assist in deploying AI agents that do tasks on behalf of its users. Palantir's platform dramatically improves the efficiency of one person in their role and can provide decision-making capabilities that far exceed what a human can deliver.
PLTR Palantir Technologies$196.75+$0.56 (+0.28%)
NASDAQ · As of 4:00 PM ET 10/23/26
Companies and governments are adopting Palantir's software at a breathtaking pace, which is evidenced by its 93% revenue growth rate in Q2. U.S. commercial revenue grew even faster, with revenue from this segment increasing at a 149% pace. AI adoption is happening rapidly, and Palantir is one of the companies that's taking market share.
One of the biggest surprises with Palantir is how great its margins are. New headlines are filled with stories about how quickly some AI firms are growing, but also highlight that they're spending far more than they make. Palantir isn't in that boat, as it delivered an impressive 55% profit margin in Q2.
It doesn't get better than that, but this also opens up a new problem.
Palantir's stock is pricey Palantir's stock is one of the more expensive on the market, and it trades for almost 125 times this year's earnings.
PLTR PE Ratio (Forward) data by YCharts
That's a very pricey stock, and with its profit margin being incredibly high, it can't increase that figure too much to get itself out of this high valuation pickle. Instead, the only path is to grow out of it. Most big tech stocks trade for about 30 times forward earnings, regardless of how fast the business is growing. Take Nvidia (NVDA -0.59%), for example. Its revenue rose 106% in Q2 (faster than Palantir), yet shares trade for 23 times this year's estimated earnings.
So, for Palantir to get to a reasonable 30 times forward earnings valuation, it must quadruple its revenue, which results in its earnings quadrupling as well. That could take a long time, especially considering what Wall Street thinks Palantir's growth rate will be next year. The average Wall Street analyst estimate is that Palantir's revenue will rise 50% during 2027. Palantir has a history of outperforming expectations, so this may be an undershoot. However, if we utilize a 50% growth rate from 2027 to 2030, then it becomes a rather aggressive projection.
Should Palantir's revenue increase at a 50% compounded annual growth rate (CAGR) from 2027 to 2030, that would result in its revenue rising fivefold. That's more than the quadrupling we established above that was required to get Palantir to a reasonable valuation. So, the remaining double could turn a $10,000 investment into about $20,000. That is still market beating-growth, but there are other AI stocks that appear to be in-line for better performance due to a much lower starting valuation.
All of this is because of how expensive Palantir's stock is now. I think this could damp future returns, and it's something that Palantir will have to grow out of.
Palantir uvedl, že ani firma, ani americká vláda nemohou na dálku vypnout systém Maven, který NATO v roce 2025 pořídilo pro evropské vojenské velitelství.
Defense-AI software provider Palantir PLTR told Reuters that neither the company nor the U.S. government can remotely disable customers' Maven systems, as shares traded at $195.25, down 0.48% at 10:35 a.m. ET Friday. The statement addresses a central concern for European military buyers: who controls the technology once it is deployed?
According to Reuters' reporting, NATO purchased Maven for its European military headquarters in 2025 and declared full technical operating capability in June 2026. The platform brings together battlefield information from sources including satellites and radar. Palantir's latest reported quarterly revenue reached $1.94 billion, up 93%, with U.S. revenue rising 115% to $1.57 billion. That puts European adoption alongside an already fast-growing American business.
The valuation leaves little room for complacency. A GF Score of 83/100 sits alongside a price-to-earnings ratio of 166.31, suggesting solid business metrics come with demanding earnings expectations. Customer control addresses one technical concern, but governments still have to weigh sovereignty, security and oversight. For investors, the next meaningful signals are additional deployments, renewals and disclosed contract values. Those would show whether NATO's adoption translates into a broader European business.
Palantir trades near all-time highs while Wall Street sees almost no room left to run, yet one number looming on the 2027 horizon suggests analysts may be thinking far too small.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) has grown into the operating system that both the Pentagon and corporate America use for AI. Gotham handles government work, Foundry runs commercial data, and AIP turns large language models into working agents.
Chief executive Alex Karp summed up the second quarter this way: “Demand for AI sovereignty has now been unleashed.”
The stock is up 12.17% year to date at $199.38. It has climbed 87% from its 52-week low of $106.37. The number I’m watching for 2027 is $300, and several catalysts could get Palantir there.
Wall Street Sees Little Upside, but Estimates Keep Rising
The consensus price target is $206.43, which implies only 3.5% upside. Analysts are split, with 19 Buy ratings against 9 Holds. Valuation explains the caution better than the fundamentals do.
For 2027, analysts expect revenue of $12.33 billion, up 50%. They see EPS of $2.3505, up 45%. Ninety days ago, the 2027 EPS forecast was $2.0945, so it has risen 12% since then.
Here’s the Math Behind a $300 Palantir
Today Palantir trades at about 85x estimated 2027 earnings. At $300, that multiple would rise to roughly 128x. That’s steep, but Palantir’s Rule of 40 score is 155% and its adjusted operating margin is 62%.
Few software companies have combined growth and profitability at this level. If 2027 earnings come in above forecasts, the multiple needed at $300 shrinks.
How might Palantir reach $300?
A long beat streak: Palantir has topped estimates for 10 straight quarters. In Q2, EPS of $0.41 beat the estimate by 46.43%.
Karp’s stretch goal: Karp said he is “driving the business to grow at a rate equal or above to what we have in U.S. commercial for the next 18 months.” U.S. commercial revenue grew 149% in Q2.
Backlog: Remaining deal value reached $13.1 billion, up 83%. Net dollar retention hit 157%.
Defense spending: The FY2027 Department of War budget request includes $46 billion for a sovereign AI toolkit. It also sets aside $2.3 billion for the Maven Smart System, a program Palantir already supports.
Palantir’s History Says 50% Gains Are Within Reach
Reaching $300 requires a gain of about 50%. Palantir has passed that bar several times. Shares rose 167% in 2023, 340% in 2024, and 135% in 2025.
Volatility cuts both ways, though. In 2022, the stock fell 65%. Its beta of 1.602 means a market pullback would hit Palantir harder than most stocks.
$300 Is a Stretch, but Here’s Why It’s Possible
Removing $300 means a gain of about 50%, far above what Wall Street’s target implies. Even so, the business is speeding up. Full-year 2026 revenue guidance calls for 82% growth, estimates are still climbing, and Palantir keeps beating them.
The main risks are the stock’s high valuation and its heavy reliance on U.S. customers. If AIP keeps converting pilot programs into large contracts and defense AI budgets come through, $300 is a reachable goal.
The traits that showed up early in past monster tech runs are the ones we cataloged in a free playbook on spotting the next Nvidia. Returns like this come unevenly from year to year, and this is the path for Palantir to post another outsized gain in 2027.
Contact [email protected] for any questions or corrections.
Palantir 2. listopadu zveřejní výsledky za třetí čtvrtletí; očekává tržby ve výši 2,160 až 2,164 mld. USD a celoroční tržby ve výši 8,150 až 8,158 mld. USD.
Palantir sits within striking distance of a bold year-end target, but a single earnings report on November 2 could either validate the bull case or send shares tumbling toward a very different destination.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) closed at $196.19 on October 22, 2026. That is just below the $202.50 year-end target 24/7 Wall St. set in its earlier Palantir price prediction. In Friday premarket trading at $195.31, shares were up 9.9% year to date, up 11.3% over one year, and down 2.6% over the past week. Over the past 52 weeks, the stock has traded between $106.37 and $212.94.
Metric
Value
Current Price (Oct. 22 close)
$196.19
Price Target from 24/7 Wall St.
$211.98
Upside
8.1%
Model Rating
Buy
Model Confidence
0.9 (high)
Scoring the Original Thesis Against Fresh Data
The earlier call rested on three pillars:
Government contracts
Commercial AI adoption
Valuation
Government contracts have held up: second-quarter U.S. government revenue reached $809 million, up 90% year over year. Commercial AI adoption has outperformed. U.S. commercial revenue rose 149% to $764 million, net dollar retention climbed to 157%, and U.S. commercial customers grew 35% to 653.
Valuation is where the thesis took damage. The stock fell from $177.07 in mid-January to $133.02 by mid-February and stayed near that level until the August 3 report. Even after that drawdown, Palantir trades at 174 times trailing earnings and 85 times forward earnings.
How the Model Gets to $211.98
The 24/7 Wall St. price target combines three inputs: a trailing P/E value of $196.19, a forward P/E value of $172.19, and the analyst target. The forward input carries 0.5 of the weight, and the blend comes to $187.26. A proprietary factor of 1.132 then raises that figure. It credits technology-sector momentum and 215.4% earnings growth, and it is muted by a beta of 1.602, cautious retail sentiment, and a mega-cap adjustment.
The one-year bull case reaches $226.34, and the downside scenario falls to $177.11. Wall Street leans bullish, with a consensus target of $206.62.
November 2 Decides Whether the Target Holds
Palantir reports third-quarter results on Monday, November 2, after the close. Management guided to $2.160 billion to $2.164 billion in revenue and full-year sales of $8.150 billion to $8.158 billion. That full-year range implies U.S. commercial revenue above $3.424 billion. CEO Alex Karp has set a high bar: “I am driving the business to grow at a rate equal to or above what we have in U.S. commercial for the next 18 months.”
Management noted a Q3 cost ramp tied to new hires. Stock-based compensation reached $265 million last quarter, and international commercial revenue grew only 26%. Bulls point out that the extra spending funds Palantir’s Artificial Intelligence Platform (AIP) and sovereign AI capacity, while free cash flow still rose 130%. At this multiple, however, a guidance raise smaller than investors expect could drive shares toward the downside scenario.
Palantir Outgrows Snowflake but Costs More
Snowflake (NYSE:SNOW) is a useful comparison because it competes for the same enterprise data and AI budgets. Its latest quarterly revenue grew 35.1%, but it remains GAAP unprofitable.
Company
Latest Quarter Revenue Growth
Price/Free Cash Flow
Palantir
92.8%
214.88
Snowflake
35.1%
98.82
Palantir trades at roughly twice Snowflake’s cash-flow multiple, but it grows much faster and earns a GAAP profit. Next to Snowflake, the 24/7 Wall St. price target looks reasonable.
Verdict: $202.50 Remains in Reach
The prior $202.50 year-end target looks reachable. The model’s own base-case path shows $202.38 by late November. On Polymarket, traders put the odds that the stock touches $204 in October at 0.53. On November 2, the number to watch is the U.S. commercial guide. A raise well above $3.424 billion would support the target. A flat guide would put it at risk.
Palantir Price Prediction 2026–2030
Year
24/7 Wall St. Price Target
2026
$200.93
2027
$211.98
2028
$222.11
2029
$236.32
2030
$251.45
These figures follow the model’s base-case annualized return of 6.4%. A sustained slowdown in commercial growth or compression of the multiple could pull the path sharply lower.
Contact [email protected] for any questions or corrections.
Palantir (PLTR -2.84%) has a major event coming in a few weeks: third-quarter earnings. Investors are always looking forward to these reports from Palantir because it's one of the few companies that reports on a Monday, so all eyes will be on it. Additionally, Palantir has a tremendous track record of beating expectations, and investors will be expecting another beat this quarter.
However, if it doesn't announce a beat, I would expect the stock to tumble, as that is what's currently priced in. Palantir has had an incredible run, but I think it must project continued revenue growth acceleration to maintain its run.
Image source: The Motley Fool.
Palantir's growth has been impressive
Palantir's AI-powered data analytics software has become more popular over the past two decades. It started as a government-focused company, providing software to various government entities. This eventually expanded into the commercial sector, where it's seeing the fastest growth today. Still, government revenue accounts for more than half of Palantir's total revenue.
Palantir's strength lies in its ability to work within existing systems and deliver actionable insights quickly. This can work in a fully automated environment or with human intervention as the final approval before an action is performed. Palantir has become a popular way for businesses across industries to integrate AI into their existing systems, and this shows up in its financials.
PLTR Palantir Technologies$196.00-$5.72 (-2.84%)
NASDAQ · As of 3:51 PM ET 10/22/26
During the second quarter, its U.S. commercial revenue grew at a breathtaking 149% pace, while U.S. government revenue increased 90%. Overall, Palantir's revenue rose 93% year over year to $1.94 billion. That overall figure is important to note because Palantir only guided for about $1.8 billion in Q2 revenue. That's a significant beat, but Palantir has been underguiding and overdelivering for some time.
For Q3, management expects revenue of $2.16 billion. That projects an 83% revenue growth rate, which would be a deceleration from Q2's level. However, if Palantir beats revenue expectations by a similar amount to Q2 (about $150 million), that would boost Palantir's growth rate to 96%, allowing it to continue reporting accelerating revenue growth.
It's important that Palantir does this because its valuation suggests that it needs to continue doubling each year.
Palantir is very expensive
There is a ton of future growth priced into Palantir stock, and if the company starts reporting slowing growth, then the stock could sell off as a result. Palantir currently trades at 120 times forward earnings.
PLTR PE Ratio (Forward) data by YCharts
Most big tech stocks average about a 30x trailing earnings valuation, so for Palantir to reach that level, it would need to quadruple its earnings. Most rapidly growing tech companies don't have their profitability optimized, so earnings can grow through a combination of revenue growth and margin expansion. However, in Q2, Palantir's profit margin reached 55%. That's about as good as it gets, so for Palantir to expand its earnings total, it must grow its revenue base.
If Palantir's earnings and revenue grow at a 1-to-1 ratio, then Palantir's earnings must quadruple after accounting for 2026's results. That's huge growth, and if Palantir starts to report slowing revenue growth, that figure will be hard to achieve. So, all eyes will be on Palantir on Nov. 2, because if its revenue growth starts to slip, the stock may have a rough day on Nov. 3. However, if it reports accelerating revenue growth, I wouldn't be surprised to see Palantir's run continue, although a significant rise may be off the table due to how much growth is already priced into the stock.
Palantir povýšil Aplos Data na klíčového partnera, který může v USA oslovovat nové zákazníky s platformami Foundry a AIP. Finanční podmínky nebyly zveřejněny.
Palantir Taps Aplos Data to Bring Its AI Platforms to More U.S. Businesses
Summary
Palantir has expanded Aplos Data’s role, allowing the partner to bring its data and AI platforms to new U.S. customers
Palantir Technologies PLTR has promoted Aplos Data to the top tier of its partner network, expanding the firm's role from serving existing clients to pursuing new U.S. customers for Palantir software.
The change allows Aplos Data to introduce Foundry, Palantir's data platform, and its Artificial Intelligence Platform, or AIP, to organizations that have not yet adopted the products. Financial terms were not disclosed.
Aplos Data connects information across a client's systems to support operational decisions through Palantir software. Its projects include a fuel-management application for Mansfield Energy that monitors diesel tanks and anticipates replenishment needs. It has also helped develop SurfOS, Surf Air Mobility's digital infrastructure for aviation.
Palantir's business development chief Kevin Kawasaki credited Aplos Data's delivery record. The firm's founding team includes recipients of Palantir's DevCon Fellowship, and its operations span Columbus, Ohio, and Miami.
The expanded role gives the software company another channel to reach prospective customers, while Aplos Data can take on a broader part in introducing its platforms.
Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Tržby společnosti Palantir ve 2. čtvrtletí meziročně vzrostly o 93 %, zatímco provozní náklady podle GAAP vzrostly o 34,2 %; provozní marže podle GAAP dosáhla 47,1 %.
SummaryPalantir Technologies Inc. delivered strong Q2 results, showcasing robust operating leverage and disciplined cost management, but valuation now limits upside.Q2 revenue surged 93% year-over-year, while operating expenses grew only 34.2%, driving GAAP operating margin to 47.1% and adjusted margin to 61.7%.I maintain a Hold rating on PLTR, as the stock price has outpaced earnings growth and leaves little margin for disappointment at 120x FY2026 EPS.Key PLTR risks include intensifying AI competition, potential margin compression, and the need for continued control of stock-based compensation and dilution. Shinsei Motions/iStock via Getty Images
Elevator Thesis I downgraded my rating for Palantir Technologies Inc. (PLTR) from a Strong Buy to a Hold in my June article.
I was impressed by how the company was turning AI adoption into
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
HSBC prověřuje setrvání Palantir v islámském globálním akciovém indexovém fondu o hodnotě zhruba 9 miliard USD po obavách penzijních fondů z vazeb společnosti na americký a izraelský obranný průmysl.
HSBC is assessing whether Palantir should remain in its Islamic Global Equity Index fund.
Summary
The fund bought about $38.3 million of Palantir shares in the first half.
Palantir Technologies Inc. (PLTR, Financials), the data analytics and military software business, has a fresh query about its institutional ownership in Britain.
HSBC Asset Management is evaluating Palantir's participation in its roughly $9 billion Islamic Global Equity Index fund after big worker pension plans voiced concerns about the holding.
The fund, which follows the S&P Global 1200 Shariah Select Index, purchased over $38.3 million in Palantir shares in the first half of the year.
Nest, the state-backed worker pension program, and People's Pension, sought views from HSBC on the inclusion of Palantir.
The issue is Palantir's links to U.S. and Israeli defense industries and whether this is in line with the ethical standards demanded by investors in Sharia-compliant funds.
This is important because exclusion from major index-linked or screened funds can create substantial selling pressure, even if the underlying company's operational performance does not improve.
HSBC said it will assess whether its existing approach still fulfills investor expectations.
The broader question for Palantir investors is whether this is contained to one fund or expands to other ESG, ethical or faith-based investing mandates.
Next to watch is HSBC's review and whether or not a formal removal decision follows.
Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Osoby zasvěcené do dění ve společnosti Palantir v říjnu prodaly akcie PLTR za více než 8 milionů USD; ředitel Alexander Moore prodal 16 000 akcií za 3,16 milionu USD.
After a relatively tame September, Palantir (NASDAQ: PLTR) stock insider traders have been accelerating their selling activity in October, with a total reported volume for the month standing above $8 million by press time.
Receive Signals on SEC-verified Insider Stock Trades
Stocks
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Director Alexander Moore was the latest among them to disclose a major market maneuver. Specifically, on October 19, he disclosed dumping 16,000 PLTR shares at an average price of $197.99, raising a total of $3.16 million.
This was Moore’s first Palantir insider trade since he offloaded the same number of shares for a slightly smaller $2.76 million on September 15 – exactly one month earlier – and the second-biggest such sale of Palantir stock in October.
Chief Revenue Officer (CRO) and Chief Legal Officer (CLO) Ryan Taylor, meanwhile, is responsible for the biggest market move among the firm’s senior personnel since the month started. Specifically, he dumped 18,000 PLTR on October 8 for $3.6 million.
Receive Signals on SEC-verified Insider Stock Trades
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This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Is October flare-up in Palantir insider sales a sell signal for PLTR stock?
Notably, the fact that Moore’s trades have been happening every month in a range smaller than a single week – October 15, September 15, August 17, July 15, etc. – makes what would otherwise be interesting timing irrelevant.
Indeed, after starting October at $190.04, Palantir shares briefly stagnated and even retraced slightly before taking off to recent highs above $209. Director Alexander Moore’s trade, for its part, occurred just before a severe 7.22% one-session drop that took place on Friday, October 16.
Ryan Taylor’s trade, instead, might be more interesting since it took place shortly before PLTR equity found its latest monthly high and was executed close to the intraday high. Indeed, the CRO and CLO sold at $201.15, and Palantir met the October 8 evening bell at $198.78.
Palantir stock price one-month chart. Source: Google
Still, even that insider trade likely does not represent a signal about the company’s future due to the numerous rules regulating the stock market activities of senior personnel at every public firm.
Featured image via Shutterstock
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For Palantir Technologies (PLTR +4.59%) shareholders, the hardest part of investing may not be buying the stock. It may be deciding when to sell.
After a tremendous run, Palantir is trading near its all-time high. Investors who bought early may be sitting on substantial gains, while newer shareholders may wonder whether the best returns are already behind them.
My view: Don't sell Palantir simply because its stock has soared. But don't hold it blindly, either. Existing shareholders should reassess three things: the company's growth prospects, the return its current valuation can deliver, and the amount of their portfolio tied up in the stock.
A great business can remain a great investment for years. But the price you pay, or continue holding at, still matters.
Image source: Getty Images.
Palantir's business gives shareholders a reason to stay
Palantir's recent results show why investors are optimistic. In the second quarter of 2026, revenue jumped 93% year over year to $1.94 billion. U.S. commercial revenue surged 149% to $764 million, while U.S. government revenue grew 90% to $809 million. Adjusted operating margin reached 62%, and management raised its full-year revenue growth guidance to 82%.
These aren't just impressive growth rates; they instead suggest Palantir is turning demand for artificial intelligence (AI) into substantial revenue while maintaining strong profitability. But strong operating performance doesn't guarantee strong stock returns, which brings us to the more difficult question.
PLTR Palantir Technologies$194.57+$8.54 (+4.59%)
NASDAQ · As of 3:30 PM ET 10/19/26
Is future growth already priced in?
Palantir's valuation leaves investors with high expectations to meet. On Oct. 15, 2026, the stock closed at $200.50, giving the company a market capitalization of approximately $482 billion. Its trailing price-to-earnings ratio was around 171.
At that valuation, investors aren't merely expecting Palantir to succeed. They're paying a substantial premium for continued success. Suppose Palantir keeps growing but eventually trades at a lower earnings multiple. The stock could deliver disappointing returns, even if the business performs well, but if growth also slows, the pressure could be even greater.
This is the risk existing shareholders must weigh against the possibility of further gains. The question isn't whether Palantir can become a much bigger company, but whether its future earnings can grow enough to justify today's price.
Nobody knows the answer with certainty. That's why shareholders should regularly revisit their expected returns rather than assume that yesterday's gains will continue.
Three questions every shareholder should ask themselves
1. Would I buy Palantir at today's price?
Imagine you held your Palantir shares in cash instead. Would you use that money to buy the stock at its current valuation?
If yes, holding may be entirely reasonable. You believe the company's future returns justify the risk. If no, investigate why. Perhaps you think the valuation is excessive, or perhaps another investment offers a better opportunity. You don't necessarily need to sell, but you should have a clear reason to continue holding.
To this end, your original purchase price is irrelevant to this decision. What matters is the return you can reasonably expect from today.
2. Has Palantir become too large a part of my portfolio?
Imagine Palantir accounts for 30% of your portfolio. If the stock falls 50%, your total portfolio would lose 15% of its value, assuming everything else remains unchanged. Could you tolerate that without being forced to sell at the worst possible time?
If not, trimming some shares may be sensible, even if you remain bullish. You can reduce concentration risk without abandoning a company you believe has a promising future. The objective isn't to eliminate volatility, but to prevent one investment from jeopardizing your long-term financial goals.
3. Has anything changed in the investment thesis?
Watch whether Palantir can sustain commercial growth, expand customer relationships, and convert demand into profits and cash. Also pay attention to its competitive position and the cost of compensating employees with stock.
If growth remains strong and the business continues strengthening, that supports holding. If growth deteriorates materially or the company's competitive advantage weakens, reassess your position.
A falling stock price alone doesn't prove the thesis is broken. Equally, a rising stock price doesn't prove it's intact.
What does it mean for investors?
There is no one-size-fits-all approach. Fortunately, existing Palantir shareholders don't need to choose between selling everything and holding forever.
If they believe the business outlook supports an attractive prospective return and the position remains appropriately sized, they should continue to hold. Conversely, it makes sense to trim if the stock dominates their portfolio or the valuation leaves too little room for disappointment.
And above all, selling makes sense if they think the investment thesis is broken or the expected return no longer justifies the risk.
In short, don't sell Palantir stock just because you've made money. Don't hold just because you've made money, either. Hold because the business, valuation, and potential future returns still make sense.
Palantir just struck a federal cloud deal that sent its stock surging past every defense peer and market benchmark, but with shares trading at a 263x earnings multiple, the real question is whether this partnership signals a breakout or sets…
A new federal cloud alliance is putting Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) well ahead of the government contractors it competes with for agency software work. Palantir stock is up 5% to $195.36 in early trade, a rebound fueled by a new partnership with Knox Systems.
Meanwhile, Leidos (NYSE:LDOS) stock is up 1% to $126.38, a gain that trails the advance in Palantir shares by a wide margin. Booz Allen Hamilton (NYSE:BAH) shares are down 1% to $73.41, moving in the opposite direction from Palantir stock.
Two funds help show how specific the rally in Palantir shares is. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.8%, so the broad market is stronger as well. However, the iShares U.S. Aerospace & Defense ETF (CBOE:ITA) is down 0.3%, leaving Palantir stock ahead of both funds and of Leidos and Booz Allen Hamilton shares, a gap that ties the move to the Knox partnership.
Knox Partnership Opens a Faster Federal Cloud Path Palantir and privately held Knox Systems announced the deal, aiming it at customers working in Federal Risk and Authorization Management Program (FedRAMP) and high-security Department of War cloud environments. Knox runs a large managed federal cloud and offers an accelerated path to FedRAMP authorization. On the other side of the deal, Palantir has helped software companies deploy to the federal government on its own accredited infrastructure.
Kevin Kawasaki, Palantir’s global head of business development, stated, “The mission can’t wait for technology to catch up.” Combining Knox’s authorization path with Palantir’s accredited infrastructure is designed to shorten the road for commercial software makers trying to reach defense customers.
Federal Revenue Momentum Gives the Deal Weight In Q2 2026, Palantir’s U.S. Government revenue rose 90% year over year to $809 million, while total revenue grew 92.8% to $1.94 billion. Chief Executive Alex Karp tied that growth to sovereign AI, declaring in the Q2 earnings release, “Demand for AI sovereignty has now been unleashed.”
Gotham for federal work, Foundry for business clients and the Artificial Intelligence Platform (AIP) ground the data and AI software Palantir sells to government and commercial customers. Leidos and Booz Allen Hamilton run a different model, earning most of their revenue from government services and IT contracts.
Palantir’s U.S. Commercial revenue grew 149% year over year to $764 million in Q2. Palantir’s total contract value reached $3.37 billion.
AI Valuation Debate Hangs Over the Rebound The advance in Palantir shares comes after the stock fell sharply in the prior session during a broad technology selloff. Shares of Palantir trade at a P/E ratio of 263x, a premium multiple that magnifies reactions to federal contract news (we also pulled together seven companies driving the AI expansion beyond the chipmakers in a free report here).
Risk factors in Palantir’s Q2 materials include long and unpredictable sales cycles and customer contracts subject to termination-for-convenience provisions. Its reliance on stock-based compensation, which reached $265 million in Q2, adds another point of contention for Palantir shareholders. The company also flags revenue concentration in the U.S. market, which ties its fortunes closely to domestic federal and commercial spending.
Knox Adoption Becomes Palantir’s Next Proof Point Now investors can watch for whether Knox brings more software makers onto Palantir’s federal infrastructure. Federal growth backs bulls and the premium valuation backs bears, so caution fits: investors may keep their positions modestly sized.
Palantir’s management expects Q3 2026 revenue of $2.16 billion to $2.164 billion. Palantir’s next quarterly report could show whether federal momentum holds after the Knox announcement.
Contact [email protected] for any questions or corrections.
SummaryPalantir Technologies is rated Strong Buy due to accelerating revenue growth, expanding margins, and a durable AI-as-a-service moat.PLTR's model should benefit when AI infrastructure costs fall; its margins are already widening while peers’ compress, backed by deep government and commercial client entrenchment.Quarterly revenue grew 93% YoY, U.S. commercial revenue surged 149%, and adjusted operating margin expanded to 62%, outperforming software peers.Despite high multiples (115x earnings, 53x sales), PLTR's premium is justified by compounding growth, proven execution, and significant forward contract value.JasonDoiy/iStock Unreleased via Getty Images
Palantir Technologies Inc. (PLTR) has had one of the strangest years in the market. Its revenue grew 93% last quarter, its earnings more than doubled, and management raised its full-year guidance for the third time. The stock has gone
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Aspiriant LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,028 shares of the company’s stock, valued at approximately $566,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. GFG Capital LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter valued at about $188,000. Surience Private Wealth LLC acquired a new stake in Palantir Technologies during the third quarter worth approximately $2,220,000. Howard Capital Management LLC increased its holdings in Palantir Technologies by 1.0% in the third quarter. Howard Capital Management LLC now owns 64,985 shares of the company’s stock worth $12,155,000 after purchasing an additional 673 shares in the last quarter. Clearview Wealth Management LLC bought a new stake in Palantir Technologies in the third quarter worth approximately $208,000. Finally, Franchise GP Ltd bought a new stake in Palantir Technologies in the third quarter worth approximately $5,650,000. Institutional investors own 45.65% of the company’s stock.
Key Palantir Technologies News Here are the key news stories impacting Palantir Technologies this week:
Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales Palantir Technologies Trading Down 7.2% NASDAQ PLTR opened at $186.03 on Friday. The firm has a market capitalization of $447.04 billion, a P/E ratio of 159.00, a PEG ratio of 3.27 and a beta of 1.60. The business has a fifty day simple moving average of $182.61 and a 200 day simple moving average of $152.00. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business’s revenue was up 92.8% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.
Insider Buying and Selling at Palantir Technologies In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 560,390 shares of company stock valued at $97,909,177 in the last quarter. 9.53% of the stock is owned by company insiders.
Analysts Set New Price Targets Several analysts have recently commented on the stock. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. The Goldman Sachs Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price on the stock in a research report on Thursday, October 8th. Mizuho increased their target price on shares of Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, DA Davidson raised their price target on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.61.
View Our Latest Report on Palantir Technologies
(Free Report)
Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.
Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.
Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.
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Podle analytiků Palantir v letech 2025–2028 zvýší tržby a EPS průměrným ročním tempem o 59 %, respektive 70 %, akcie se však obchodují za 87násobek očekávaného zisku na akcii v příštím roce.
Palantir (PLTR -7.22%) went public through a direct listing six years ago. It started trading at $10 per share, but it's now worth about $186 per share. Let's see why this tech stock delivered such massive gains -- and if it's still worth buying today in this choppy market.
Why did Palantir's stock soar?
Palantir operates two data-aggregating platforms: Gotham for government clients and Foundry for commercial clients. Both of these platforms create "digital twins" of a client's entire organization by gathering information through databases, supply chain reports, sensors, emails, internal documents, financial records, and even social media accounts.
Image source: Getty Images.
Palantir uses its Ontology data model to unify that fragmented data into an easy-to-query stream of information for non-technical users. Its clients can access that data to make better data-driven decisions, and it connects leading large language models (including OpenAI's ChatGPT and Anthropic's Claude) to its platform via its Artificial Intelligence Platform (AIP).
Palantir's silo-busting tools are becoming essential as the AI race drives more government organizations and companies to upgrade their data mining capabilities. That's why many U.S. government agencies already use Gotham to plan their projects and missions, and why large companies like Walmart use Foundry to streamline their businesses.
PLTR Palantir Technologies$186.03-$14.47 (-7.22%)
NASDAQ · As of 4:00 PM ET 10/16/26
Unlike many other high-growth tech companies, Palantir turned firmly profitable in 2023. It was added to the S&P 500 (^GSPC -1.09%) and the Nasdaq-100 in 2024.
From 2025 to 2028, analysts expect Palantir's revenue and EPS to grow at CAGRs of 59% and 70%, respectively, as the AI market expands. Its stock isn't cheap at 87 times next year's earnings, but its explosive growth rates could justify that premium valuation.
Is Palantir's stock worth buying today?
Palantir expects global conflicts to fuel Gotham's growth through new government contracts, and the AI race to drive the expansion of its U.S. commercial business.
However, rising interest rates and Treasury yields could compress its valuation as more investors sell their higher-growth stocks to buy more conservative investments. Palantir's controversial reputation (due to its integration into immigration enforcement, mass surveillance, and military combat software) could also weigh down its stock.
Palantir doesn't face a single direct competitor that bundles together all of its data-aggregation services, but other growing companies -- including Snowflake and Databricks -- provide some overlapping services. These indirect competitors could be more compelling alternatives for companies that don't want to lock themselves into Palantir's services.
Palantir could still have plenty of room to grow, but I wouldn't touch it as long as interest rates are rising. If the macro environment improves, I'd take a second look at this high-growth stock.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies, Snowflake, and Walmart. The Motley Fool has a disclosure policy.
Šestnáct nemocničních trustů a zdravotních rad v Anglii nevyužívá platformu FDP pro správu dat od společnosti Palantir v hodnotě 330 milionů GBP, často proto, že mají vlastní lepší nebo srovnatelné systémy.
NHS organisations that care for millions of people in England are rejecting Palantir’s patient data technology, according to freedom of information responses that reveal health bosses believe they can find better or equal alternatives in many cases.
Some health bodies said the £330m federated data platform (FDP) operated by the controversial US company had made it easier to manage waiting lists and has improved surgery scheduling. But, from Gateshead to Truro, others said they were declining to use it or had carried out trials and reverted to old systems. A Suffolk trust said other systems “supercede” the FDP’s functionality, while Greater Manchester’s care board called the Palantir system “duplicative” and “retrograde”.
The responses come as Andy Burnham’s government faces a crunch decision about whether to exercise a break clause in the seven-year NHS-Palantir deal, which was intended to better integrate the health system’s data to improve clinical accuracy and efficiency. Protests against the US firm’s role have also focused on its other contracts with the Israeli military and Donald Trump’s homeland security forces. There is also dispute over evidence for the system’s effectiveness and public concern about the involvement in the NHS of a company cofounded by the tech billionaire Peter Thiel, who said in 2023: “The NHS makes people sick.”
According to more than two dozen FOI responses reviewed by the Guardian, 16 trusts and health boards declared they do not use it, following its introduction in March 2024. They include the University hospitals of North Midlands NHS trust, which said it will not use it primarily because “it does not appear to provide functionality over and above what we have already” and Dorset HealthCare university trust said it “will not be adopting or going live with the FDP”. Humber Teaching NHS foundation trust said: “We have no plans to use it.”
Cambridgeshire and Peterborough NHS foundation trust said it has used the system but it has “not offered significant improvements on local systems”. Avon and Wiltshire mental health partnership NHS trust said it had yet to find an FDP tool that offered significantly more than its existing capabilities and University hospitals Birmingham NHS foundation trust, which cares for more than 2 million people, said it had no plans to use it, citing “limited expected benefit over existing solutions”. The FOIs were gathered by Medact, a health campaign that opposes Palantir’s role in the NHS, and posted to a public transparency website, WhatDoTheyKnow.
Palantir has previously challenged claims that other software could be just as effective, with its senior vice-president, the former Labour MP Tom Watson, saying last week: “If there are companies that can do it, they would have taken part in free and open competition” to run the FDP.
Watson, a Labour peer and former minister alongside Burnham, was appointed as Palantir’s chief lobbyist last month amid a wave of opposition to the Palantir deal. He warned his former colleagues in Labour not to let “mob rule … lead procurement practices”.
But two parliamentary select committees have urged the government to end Palantir’s contract, including the Commons’ science and technology committee. Martin Wrigley, a Liberal Democrat member of the committee, said the NHS boards’ responses “justify what I have been saying for the last year, which is that Palantir’s system is just not that good”.
“Once again we have proven that centrally dictating a solution to the NHS can’t work,” he said. “We have to get back to developing interoperability so each trust has its own software but with a set of standards for how they interact. Palantir are great sales people but they over-promise and under-deliver.”
Dr Rhiannon Mihranian Osborne, a spokesperson for Medact, said the FOIs showed alternatives existed, a safe transition away from Palantir was possible and “the government has no excuse to extend the contract”.
“Instead of outsourcing key NHS functions to big tech companies, the government must back NHS innovation and the highly skilled NHS data professionals who work alongside doctors and nurses to deliver care in the public interest,” she said.
A protest against Palantir’s role in the National Health Service at St Thomas’ hospital in London. Photograph: Toby Shepheard/ReutersPalantir accused Medact of “slanted analysis” and of “misleading the public”.
“The FDP is, objectively, a successful programme,” a spokesperson said, adding that its purpose was to provide trusts with tools to draw on depending on their existing capabilities and needs. “It is one of just 20% of major government programmes with a green delivery rating, with ministers stating that it ‘is significantly exceeding its benefits forecast and has exceeded every target’.”
It said NHS trusts, including Chelsea and Westminster, Leicester, Northampton, Bath, North Cumbria, Croydon, Great Western, Dorset, Chesterfield, Ashford and St Peters and Norfolk have publicly praised the FDP.
Palantir also points to NHS data that shows trusts using the FDP have carried out 117,000 additional operations and a 14.3% reduction in discharge delays for long-stay patients. NHS England has, however, had to add a caveat to its statistics, making clear it cannot draw conclusions about cause and effect as other variables have not been controlled for.
The government’s national data guardian for health and social care, Dr Nicola Byrne, this week urged ministers to give substantial weight to the “trust factor” when deciding on Palantir’s fate. More than 44,000 people have filed legal objections to their health data being shared with, stored in or used by the FDP. Byrne, a government-appointed watchdog, said there was evidence “a significant number of local organisations” were reluctant to adopt the FDP including due to concerns about Palantir and “a preference for other solutions”.
Sophie Don, the chief executive of Voror, a patient data company that bid unsuccessfully against Palantir, said: “Of course Palantir isn’t the only company that can do this. It doesn’t surprise me that it is making things harder … If NHS staff are choosing not to use it, it’s a clear sign it’s not creating value. There are many home-grown systems that would release much more value to the NHS than the [Palantir] platform.”
A spokesperson for NHS England said: “137 NHS trusts have now reported benefits from the wide range of tools available on the platform – helping staff join-up and improve care for patients, and work more efficiently.”
Palantir ve druhém čtvrtletí meziročně zvýšil tržby o 93 % na 1,93 mld. USD, zatímco akcie společnosti PLTR klesly o 12,75 % z letošního maxima na 186,70 USD.
Palantir stock has suffered a big reversal, wiping out some of the gains made since June when it bottomed at $106.5. It dropped to $186.7, down by 12.75% from its highest point this year. Still, analysts are optimistic about the company, citing its strong fundamentals and revenue growth.
The ongoing PLTR stock sell-off has coincided with that of most software companies. Salesforce dropped to $241.4, down by 10% from its highest point in September. Other top software companies like Palo Alto Networks, Twilio, Okta, Fastly, and SentinelOne were among the top laggards.
One reason for the ongoing Palantir stock retreat is the upcoming midterm elections, where Democrats are set to win the House of Representatives and, potentially, the Senate.
Analysts predict that a win by Democrats will lead to some major investigations on companies that have helped the administration on key issues. Palantir will be targeted for its role in helping the administration in border issues. It is unclear whether these investigations will impact its revenue and profitability growth.
Still, on the positive side, analysts are highly bullish on PLTR stock, citing its strong revenue and profitability growth. On Thursday, Mizuho analysts boosted the target from $215 to $245. Two days before that, Baird analysts set the target price at $250, while Barclays initiated with a target of $265. Other analysts who have maintained a bullish outlook for the stock are from Goldman Sachs, Raymond James, and UBS.
Most of these analysts are citing the company’s revenue and profitability growth. The most recent results showed that Palantir’s business continued doing well in the second quarter, driven by corporate and government orders.
American companies are increasingly turning to Palantir’s solutions, with the revenue rising by 149%. Their remaining deal value jumped to $6.24 billion, with more firms embracing its AIP solution.
In total, Palantir’s revenue rose 93% YoY to $1.93 billion, while the adjusted income from operations rose to $1.19 billion. The management expects that this revenue growth will continue in the foreseeable future.
Its third-quarter revenue is expected to be between $2.16 billion and $2.164 billion, much higher than the $1.18 billion it made last year.
READ MORE: Palantir stock is surging: will it retest its all-time high or reverse?
Palantir’s key valuation multiple, known as the Rule of 40, shows that it is highly undervalued. This multiple is calculated by adding a company’s revenue growth with its margins. In this case, adding the two gives PLTR a multiple of 155%, one of the highest in the US.
Traditional metrics, however, show that it is highly overvalued. It has a forward price-to-earnings ratio of 123, much higher than the sector median of 21.8. This multiple is much higher than other software companies like Microsoft, Salesforce, and Okta.
PLTR stock chart | Source: TradingView
The weekly chart shows that the PLTR stock rebounded from $106 in June to a high of $212 in this month. Its highest point was notable because it coincided with the highest point in November last year. It has also formed a bearish engulfing pattern, where a big bearish candle covers a bullish candle fully.
Therefore, the stock will likely retreat further, potentially to $160, and then resume the upward trend. If this happens, the stock will likely jump to $250.
Palantir Technologies Inc. (PLTR - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this company have returned +13.8%, compared to the Zacks S&P 500 composite's +1.4% change. During this period, the Zacks Internet - Software industry, which Palantir Technologies falls in, has gained 5.4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Palantir Technologies is expected to post earnings of $0.42 per share, indicating a change of +100% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $1.64 points to a change of +118.7% from the prior year. Over the last 30 days, this estimate has changed +2.4%.
For the next fiscal year, the consensus earnings estimate of $2.31 indicates a change of +41.1% from what Palantir Technologies is expected to report a year ago. Over the past month, the estimate has changed +0.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Palantir Technologies.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Palantir Technologies, the consensus sales estimate for the current quarter of $2.17 billion indicates a year-over-year change of +84%. For the current and next fiscal years, $8.23 billion and $11.77 billion estimates indicate +83.8% and +43.1% changes, respectively.
Last Reported Results and Surprise HistoryPalantir Technologies reported revenues of $1.94 billion in the last reported quarter, representing a year-over-year change of +92.8%. EPS of $0.41 for the same period compares with $0.16 a year ago.
Compared to the Zacks Consensus Estimate of $1.81 billion, the reported revenues represent a surprise of +7.16%. The EPS surprise was +17.14%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Palantir Technologies is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Palantir Technologies. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Palantir se při ceně kolem 198 USD obchoduje za zhruba 170násobek zisku za posledních 12 měsíců; ocenění na úrovni 120násobku zisku by odpovídalo asi 140 USD za akcii.
Shares of Palantir Technologies (PLTR -5.91%) ended Oct. 9 at $209.05, their highest close ever. They've dipped since. But at around $198 as I write, the stock still sits only about 5% under that high.
It's easy to see why investors keep paying up. The artificial intelligence (AI) data and analytics specialist grew its second-quarter revenue 93% year over year, and its profits rose even faster.
But at today's price, investors pay around 170 times earnings for it, going by what Palantir earned in the last year -- more than I'm willing to pay.
At what price, then, would the stock become a buy for me?
Image source: The Motley Fool.
Palantir's profits keep climbingHighlighting how fast the company is scaling, Palantir's second-quarter earnings per share more than tripled year over year, up from $0.13 to $0.41. Net income grew a bit faster still, hitting around $1.06 billion versus about $327 million in the year-ago quarter. Earlier quarters showed the same climb. Palantir's quarterly earnings per share rose from $0.18 in the third quarter of 2025 to $0.24 in the fourth quarter, then to $0.34 in the first quarter of 2026 before hitting $0.41 in the second.
Add those four quarters up, and Palantir earned $1.17 per share over the last year. That's almost four times the $0.30 per share it earned in the four quarters before.
I'll use that trailing $1.17 as my earnings figure, because it's what the company reported, not an estimate.
Of course, the quarter-to-quarter gains are shrinking. Earnings per share rose around 42% from the fourth quarter to the first quarter, but only about 21% from the first quarter to the second.
Even for a business growing so fast, paying about 170 times earnings of $1.17 a share is a lot for profits that have already been booked.
What did investors pay at the low?To choose a valuation multiple, I don't have to guess what a fast-growing software business might deserve. Palantir showed what investors were willing to pay for it just a few months ago.
On June 25, shares ended at around $107, the lowest closing price over the last 12 months. At that time, Palantir's trailing earnings per share came to $0.89, based on the four quarters through March. So, even near the bottom of a tough first half, investors paid around 120 times earnings.
That's still a rich price-to-earnings multiple. But it's one the market has already accepted for this business during a time when sentiment was weak -- and just weeks before Palantir posted 93% revenue growth for the second quarter.
Apply that 120 times earnings to Palantir's trailing earnings per share of $1.17, and you get around $140 a share, or about 29% under today's price.
The stock might not need to fallA 29% drop is one way to get there. The stock has fallen more than that recently, losing around 34% of its value in the first half of 2026.
But earnings might do the job instead. The quarter that drops out of the trailing total next is the third quarter of 2025, when Palantir earned $0.18 a share. If quarterly earnings per share just stayed at the second quarter's $0.41 for three more reports, trailing earnings would climb to about $1.64. At 120 times earnings, that's about $197 -- right around where the stock trades today. If earnings keep growing instead, it might get there earlier.
PLTR Palantir Technologies$188.66-$11.84 (-5.91%)
NASDAQ · As of 11:21 AM ET 10/16/26
Management's forecast suggests profits aren't stalling, either. For the third quarter, Palantir guided for non-GAAP (adjusted) operating income of around $1.29 billion. That would be around 8% over the second quarter's adjusted number and more than twice the year-ago quarter's.
Of course, nothing guarantees earnings stay at that level. Quarter-to-quarter earnings growth is already cooling. And Palantir booked hardly any income tax expense in the second quarter -- around $15 million on about $1.08 billion in pre-tax income. If its tax rate climbs, earnings per share could grow slower than operating profit does.
In the end, Palantir is executing about as well as any software company I track. The catch is that today's price arguably assumes it keeps this up for years.
So, I'd consider buying Palantir stock at around $140 per share, or about 120 times its earnings for the last four quarters. If these earnings keep rising, that price should rise with them. At around $198 today, the stock still sits far above it.
Palantir pro rok 2026 očekává upravené volné cash flow ve výši 4,5–4,7 mld. USD, zatímco generální ředitel Alex Karp cílí během dvou let na 15–18 mld. USD.
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$106.37▼
$212.94160.35
$201.61
Are retail investors bailing on Palantir Technologies NASDAQ: PLTR? At least one group of shareholders was selling. In its August 2026 Schwab Trading Activity Index report, Charles Schwab reported that PLTR was one of several high-beta technology stocks that its clients net sold.
The top-of-mind question is why? Schwab cites profit-taking and rotation within the tech sector as two reasons for the selling. That holds up, given that names like SpaceX NASDAQ: SPCX, Micron Technology NASDAQ: MU, and Intel Corp. NASDAQ: INTC were among those that saw net buying during the month.
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PLTR has gained more than 50% over the past three months. That means somebody has to be doing the buying. In this case, it appears that institutions are finally sending a signal that it's time to dive in.
Wall Street Is Playing Catch-UpOver the past three months, the consensus price target from the analysts tracked by MarketBeat has risen from $190.85 to $201.61, compared with $194.04 a month ago. That's an increase of nearly 6%, but PLTR's share price has climbed much faster. With shares trading near $200, the consensus target now implies little additional upside.
Current Price$195.01High Forecast$265.00Average Forecast$201.61Low Forecast$80.00Palantir Technologies Stock Forecast Details
Here's where the story gets better. Institutional ownership in PLTR is still around 45%. That compares with roughly 80% for Micron and about 64% for Intel, two of the stocks Schwab clients were buying. That gap leaves plenty of room for fund managers to build positions, although it doesn't guarantee they will.
Retail investors drove a strong move in Palantir. But it's institutional money that will likely be the catalyst for the next leg higher. MarketBeat's institutional ownership data shows more institutional buyers than sellers over the past year, while recent analyst activity suggests improving sentiment.
In October alone, Goldman Sachs upgraded PLTR from Neutral to Buy with a $230 price target. Raymond James upgraded the stock from a Hold to a Moderate Buy. Barclays initiated coverage with an Overweight rating and a $265 price target. And Robert W. Baird also set a fresh price target of $250 on PLTR.
A $250 price target would imply roughly 25% upside from recent trading levels. While that is well above the current consensus, it reflects the more bullish outlook emerging among some Wall Street analysts.
Karp's Ambitious Free Cash Flow ForecastThe growing optimism follows the company's blowout Q2 2026 earnings report in August. The headline numbers comfortably beat expectations; Palantir is showing strong growth in both the commercial and government sides of its business.
But one of the most ambitious projections came earlier, during a July 1 CNBC interview. That's when CEO Alex Karp said Palantir could generate $15 billion to $18 billion in free cash flow within two years.
It's important to put that in perspective. For the full year 2026, the company is forecasting adjusted FCF between $4.5 billion and $4.7 billion. Achieving Karp's bullish forecast will require FCF to grow by roughly 80% to 100% annually.
Before dismissing that kind of growth, remember that Palantir delivered adjusted FCF growth of 115% in the second quarter. Plus, Karp has a track record of delivering on forecasts that skeptics dismissed as talking his book.
Sovereign AI Gives Institutions a Story to UnderwriteThe company is also getting a boost as the concept of sovereign AI has become front-and-center in the AI trade. The real story here goes back to institutional interest. The issue of sovereign AI has been an "aha moment" that has crystallized Palantir's one-of-one role in the AI stack.
Sovereign AI refers to nations building AI capabilities they control, from the data to the models to the software that runs on top of them. For governments, that’s a matter of national security. Few software companies have Palantir’s decades of experience operating inside classified environments. Recent partnerships, including a sovereign AI push with edge-computing company Armada, reinforce that position.
For institutional investors, that matters. It’s easier to justify a premium multiple for a company with a defensible moat than for a stock riding an AI narrative.
What the Chart Says Ahead of EarningsThe Oct. 14 session was a reminder that the handoff won’t be smooth. PLTR fell about 4% after briefly trading above $209, giving back its break above the November 2025 record high near $207.50. But the selling came on relatively light volume, and buyers stepped in right at the $200 level.
The 50-day simple moving average, now around $181, is rising steeply but sits roughly 10% below the current price. That shows how extended the move has become. The MACD remains above its signal line, but the histogram has started to narrow, which suggests momentum is cooling rather than reversing.
Palantir is expected to report Q3 results in early November. If institutions are truly stepping in, dips toward $200, or even the 50-day average, should attract buyers rather than trigger an exodus. Retail investors who sold in August may have locked in solid gains. The question is whether they left the next leg of the move on the table for Wall Street.
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Palantir Technologies (PLTR -0.23%) trades around $204 a share today, valuing the company at about $491 billion. That's already a massive number for a company that didn't report its first full year of GAAP profit until 2023.
The stock's valuation using multiple metrics suggests that it is expensive. But for investors looking into Palantir, the question worth asking isn't whether Palantir is expensive, but whether its growth can catch up to its price tag by the end of 2027.
Running the actual math suggests it's a closer call than the sticker price alone implies.
Image source: Palantir Technologies.
This is what Palantir says is happening right now Palantir's own second-quarter 2026 results, reported in August, showed revenue of $1.935 billion, up 93% year over year, with U.S. commercial revenue growing 149%. Off the back of that, management raised full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion, implying 82% growth for the year, and raised its U.S. commercial revenue guidance to more than $3.424 billion, at least 134% growth. The company also guided third-quarter revenue to between $2.160 billion and $2.164 billion, with Q3 results due Nov. 2. This is Palantir's own stated targets, and the company has beaten its own guidance in each of the last several quarters. Palantir's long-term upside hinges on monetizing AI sovereignty. If they can keep pulling that off, the following bullish math seems likely.
Doing the math on Palantir At today's price, Palantir trades at roughly 61 times its own full-year 2026 revenue guidance, a genuinely rich multiple by any standard, software or otherwise. Palantir hasn't issued formal 2027 guidance yet; that typically arrives alongside fourth-quarter results in February. So building a 2027 price target means making an explicit assumption about where growth heads next, and I want to be upfront that what follows is my own scenario, not a number pulled from Palantir.
In a base case, I'd assume growth decelerates from this year's 82% down to around 55% for 2027, a meaningful slowdown but a believable one given how government and commercial demand have both been accelerating, not fading. That puts 2027 revenue near $12.6 billion. If the market also brings Palantir's sales multiple down somewhat, from 61 times to a still-rich 45 times, reflecting a company that's matured a bit further into its growth story, that works out to a market cap near $567 billion, or a share price around $237, roughly 13% above today's level.
PLTR Palantir Technologies$200.50-$0.47 (-0.23%)
NASDAQ · As of 4:00 PM ET 10/15/26
In a more bullish case, growth remains closer to 65% as new government contracts and commercial AI deployments continue to compound, pushing 2027 revenue to about $13.5 billion. If the multiple only compresses modestly, to around 55 times, that implies a market cap near $742 billion and a share price closer to $310, nearly 50% above current levels.
Both of those scenarios assume Palantir keeps executing at a level only a handful of software companies in history have sustained for this long. Any real slowdown, a government contract delay, slower enterprise AI adoption, or simply the law of large numbers catching up to a company this size, would hit this stock harder than most.
That said, Palantir has a lot going for it, including surging demand for AI software, strong adoption of its Artificial Intelligence Platform (AIP), and an 83% year-over-year increase in remaining deal value to $13.1 billion. If Palantir can justify its premium, my bullish case is pretty likely.
Where that leaves investors Palantir's own numbers, 93% revenue growth, 149% U.S. commercial growth, massive remaining deal value, and guidance raised every quarter this year are really strong cases for this stock. Whether that's enough to justify today's price by the end of 2027 depends almost entirely on whether that growth rate can hold up anywhere close to its current level.
Palantir zvýšil celoroční výhled tržeb na 8,150 až 8,158 mld. USD, ale jeho akcie se obchodují za 180násobek zisku, což vyžaduje bezchybné plnění očekávání.
Palantir's revenue is exploding and its AI pitch has Wall Street buzzing, yet the analysts who cover it most closely see almost no room left to run. Here is what happens when a great business and a dangerous price tag…
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) trades at $200.97. The company is growing revenue at 93%, yet the stock trades at a multiple that leaves no room for a single miss.
Palantir sells data and AI software through its Gotham, Foundry, and AIP platforms to defense agencies and large enterprises. Its pitch is “AI sovereignty,” which lets customers run models on their own data without giving their know-how to frontier labs. The stock has climbed 15.96% over the past month and sits just below its 52-week high of $212.94.
149% U.S. Commercial Growth Hands Bulls a Powerful Case
Revenue reached $1.94 billion last quarter, up 92.8% year over year. U.S. commercial revenue jumped 149% to $764 million. EPS of $0.41 beat the $0.346 consensus, free cash flow hit $1.22 billion, and net dollar retention rose to 157%.
Management raised full-year revenue guidance to $8.150 billion to $8.158 billion, which works out to roughly 82% growth. Analysts have raised forecasts: the 2027 EPS consensus is $2.3515, up from $2.0945 90 days ago. CEO Alex Karp called the quarter “otherworldly”.
A 180x Earnings Multiple Prices In Years of Flawless Execution
Palantir trades at 180 times trailing earnings, 81 times sales, and 85x the 2027 EPS consensus. Its free cash flow yield is just 0.45%.
Expectations have risen sharply, and Karp said he wants growth “at a rate equal or above to what we have in U.S. commercial for the next 18 months”. Management warned of a significant third-quarter expense ramp. Stock-based compensation ran $265 million, and SpaceX gains added $0.03 to GAAP EPS. Two Sigma and D. E. Shaw both trimmed stakes in the June quarter.
Rising Estimates Turn the Next Report Into a Key Test
Estimate momentum has been strong: the September-quarter EPS estimate drew 22 upward revisions over 30 days and zero downward ones. Consensus revenue of about $2.18 billion already tops Palantir’s own $2.160 billion to $2.164 billion guide. That makes the next report the deciding test.
If U.S. commercial growth holds above the 134% full-year guide, the upside argument gets stronger. If it slows down, the multiple loses its support.
Wall Street Sees Barely 2% Upside From Here
The consensus price target is $205.27. That implies just 2.1% upside, based on 31 analysts. The ratings break down this way:
Palantir is up 13.06% year to date, barely ahead of the S&P 500’s 12.87%. Over one year it gained 11.81%, behind the index’s 16.22%.
Palantir’s Valuation Keeps Perfection Priced In
At $200.97, Palantir’s business is exceptional, and the price already reflects that. At 85x forward earnings, shareholders carry all the risk of a slowdown and get little reward if growth simply meets plan.
The most likely path lower runs through the next two reports. Expenses are rising in the third quarter, and consensus already sits above guidance. A quarter that merely meets estimates could pull shares toward the 200-day moving average at $152.41.
The thesis breaks if 2027 estimates rose toward the high forecast of $2.90 and international commercial revenue, which grew just 26%, starts to speed up. Growing earnings would then reduce the multiple without a drop in price.
Palantir has earned its growth story, but at this valuation the stock price leaves room only for perfection. Riding a mania can still pay, provided the exit is planned in advance (we laid out both sides in a free bubble survivor’s handbook).
Contact [email protected] for any questions or corrections.
Krilogy Financial LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 16.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,656 shares of the company’s stock after purchasing an additional 3,256 shares during the period. Krilogy Financial LLC’s holdings in Palantir Technologies were worth $4,238,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ballast Advisors LLC bought a new stake in Palantir Technologies in the first quarter valued at about $29,000. Whipplewood Advisors LLC acquired a new stake in Palantir Technologies during the first quarter valued at approximately $32,000. Reflection Asset Management bought a new position in Palantir Technologies during the 4th quarter worth approximately $35,000. C M Bidwell & Associates Ltd. bought a new position in Palantir Technologies during the 2nd quarter worth approximately $35,000. Finally, Monetary Solutions Ltd bought a new position in Palantir Technologies during the 4th quarter worth approximately $36,000. Institutional investors own 45.65% of the company’s stock.
Palantir Technologies Stock Down 3.7% Shares of NASDAQ:PLTR opened at $200.97 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The firm has a 50-day simple moving average of $181.44 and a 200 day simple moving average of $151.35. The company has a market cap of $482.94 billion, a PE ratio of 171.77, a P/E/G ratio of 2.87 and a beta of 1.60.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. Palantir Technologies’s quarterly revenue was up 92.8% on a year-over-year basis. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year. Analysts Set New Price Targets Several brokerages have recently commented on PLTR. Cantor Fitzgerald began coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Barclays began coverage on Palantir Technologies in a research report on Friday, October 9th. They set an “overweight” rating and a $265.00 price target on the stock. Oppenheimer cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $200.54.
View Our Latest Stock Report on PLTR
Insider Activity at Palantir Technologies In other news, Director Lauren Friedman Stat sold 5,026 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the sale, the director directly owned 46,402 shares in the company, valued at approximately $9,233,998. This represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan Taylor sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $201.15, for a total value of $3,620,700.00. Following the completion of the sale, the insider directly owned 274,667 shares in the company, valued at approximately $55,249,267.05. This trade represents a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by insiders.
Trending Headlines about Palantir Technologies Here are the key news stories impacting Palantir Technologies this week:
Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view (Free Report)
Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.
The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.
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Palantir Technologies Inc. (PLTR - Free Report) closed at $200.97 in the latest trading session, marking a -3.69% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.11%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1.88%.
The stock of company has risen by 20.93% in the past month, leading the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Palantir Technologies Inc. in its upcoming release. The company plans to announce its earnings on November 2, 2026. The company's earnings per share (EPS) are projected to be $0.42, reflecting a 100% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.17 billion, reflecting a 83.95% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.64 per share and revenue of $8.23 billion. These totals would mark changes of +118.67% and +83.79%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Palantir Technologies Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.35% higher. As of now, Palantir Technologies Inc. holds a Zacks Rank of #3 (Hold).
With respect to valuation, Palantir Technologies Inc. is currently being traded at a Forward P/E ratio of 127.52. This indicates a premium in contrast to its industry's Forward P/E of 20.8.
Also, we should mention that PLTR has a PEG ratio of 2.3. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 1.19 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 33% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Palantir a úřad londýnského starosty urovnaly spor o zablokovanou dvouletou zakázku Metropolitní policie v hodnotě 50 mil. £. Nové výběrové řízení je v plném proudu a společnost Palantir bude posuzována spravedlivě.
Palantir and the London mayor, Sadiq Khan, have called off their legal fight over claims the Labour mayor was blocking the US tech company from signing a contract with the Metropolitan police because of its values and ethics.
Palantir and the mayor’s office of policing and crime (Mopac) announced on Wednesday they had withdrawn allegations against each other, heading off a high court trial scheduled for January.
Palantir sued Mopac in June after Khan stepped in to block it from awarding Palantir a two-year £50m deal for Scotland Yard to use AI to process intelligence in criminal investigations in a system called unified operational analytics (UOA), citing a “clear and serious breach” of procurement rules.
With Palantir also working for the Israeli military and the Trump administration in its immigration crackdown, Khan has previously said Londoners only wanted to see public money being paid to companies that “share the values of our city”.
Louis Mosley, who heads Palantir in the UK and Europe, responded by accusing Khan of politicising procurement and said he was “putting politics above public safety”. He said: “What Londoners value is not being mugged, not being raped by a serving police officer.”
The agreement to drop the claims against each other comes a month after the former deputy leader of the Labour party Tom Watson was hired as a full-time lobbyist by Palantir. The firm was concerned that if public authorities were able to block it from winning contracts due to objections to the values of its senior leadership, it would undermine its ability to operate in the UK.
It comes as Palantir also faces a battle to retain its £330m NHS medical data contract amid a vociferous campaign from parts of the public and MPs for it to be axed and replaced by a less controversial company.
Palantir and Mopac said in a joint statement that Mopac’s May 2026 decision to block the contract “was not based on Palantir’s values or ethics or any wider reporting about the company”.
“Mopac recognises Palantir’s concerns that media reporting of a statement from the mayor’s spokesperson before the decision was taken could have incorrectly created the impression that an assessment of the company’s values had been a factor in that decision,” it said. “Mopac’s consideration was based upon its statutory role of examining spend proposals, against the appropriate legal tests and the relevant guidance on procurement, governance, affordability and ensuring value for money for Londoners.”
Khan said: “London is the technology capital of Europe, and I am proud that leading software firms choose the city as their home. Palantir makes a significant contribution to jobs and investment in the capital, employing a large number of Londoners whose services have been procured legally by organisations across the UK and beyond.”
Watson said: “The mayor and his team have recognised their actions could have created the impression that the decision to block the UOA contract was based on Palantir’s values. I’m very pleased that they have today corrected any such impression, and that even in the face of extreme provocation from highly organised pressure groups, decisions about deploying technology can still be made on their merits and in the public interest.”
A new procurement process for the £50m police tech deal is under way and Mopac has agreed to treat Palantir “fairly and equally” if it bids, as expected. Equally Mopac is not bound to agree to Palantir’s appointment. Each side is covering its own legal costs, no admissions of liability are made and no damages have been paid.
Akcie společnosti Ondas v odpoledním obchodování klesly o 6 % na 6,32 USD navzdory založení projektu Regna AI zaměřeného na obrannou umělou inteligenci s Palantir; podmínky ani očekávané tržby nebyly zveřejněny.
Ondas paired with Palantir to launch a sovereign defense AI venture, yet its stock keeps falling while rivals AeroVironment and Kratos also slide. Whether the Regna AI partnership signals a breakthrough or a distraction for a company still chasing breakeven…
Ondas Inc. (NASDAQ:ONDS) stock is at $6.32, down 6% in afternoon trading, days after the company unveiled a defense AI venture with Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction). That latest drop leaves Ondas stock down 35% year to date (YTD).
Meanwhile, AeroVironment (NASDAQ:AVAV) stock is at $123.74, down 3%, a smaller slide than Ondas stock. Additionally, Kratos Defense & Security Solutions (NASDAQ:KTOS) stock is at $39.73, down 2%, the smallest decline of the group. Both compete in the uncrewed and counter-drone markets where Ondas also sells.
The Defiance Drone and Modern Warfare ETF (NYSEARCA:JEDI) is down 5%, while the S&P 500 tracking SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 1%. As of June 30, Ondas ranked among the ETF’s larger disclosed holdings at 6.7% of net assets.
Regna AI Launch Fails to Lift Ondas On October 12, Ondas announced Regna AI, a venture with Palantir. The venture will develop sovereign AI, systems a national government controls and runs on its own infrastructure, for defense operations. It’s intended to connect that software to the drones and autonomous systems Ondas builds.
The company disclosed no terms, financial commitments or revenue expectations. Since then, Ondas shares have fallen, suggesting the missing details outweigh the strategic logic of pairing with Palantir.
Why Software Moves Ondas More Than Its Rivals Ondas built its business selling drones and private wireless networks to defense and public-safety customers. Its ties to Palantir precede Regna AI. The two co-developed the SkyWeaver platform, which applies agentic AI at the edge for intelligence, surveillance and reconnaissance (ISR). Five acquisitions in Q1 2026, including Rotron Aerospace, Mistral and World View, extended the portfolio into loitering munitions and stratospheric surveillance.
Next to its peers, Ondas is small, so a software venture would move its revenue mix more. The company targets full-year 2026 revenue of at least $390 million and reported a pro forma backlog of $457 million. A funded Regna AI contract could change that mix quickly; an open-ended framework leaves the outlook resting on hardware.
AeroVironment and Kratos sell uncrewed aircraft and defense systems to government buyers on established programs. Switchblade, Puma and the LOCUST laser weapon anchor AeroVironment’s lineup, and its funded backlog reached a record $1.5 billion last quarter. Kratos builds the Valkyrie combat drone and lifted its 2026 revenue guidance to $1.75 billion to $1.81 billion.
Year to date, AeroVironment stock is down 49% and Kratos stock has declined 48%. Both drops are larger than the 35% Ondas stock has lost.
Regna AI Needs a Funded Contract It remains unclear whether Regna AI produces a funded contract or stays a framework. Ondas points to a two-year pipeline of $4.3 billion across more than 45 program submissions. It has also guided to adjusted profitability by Q1 2028, so any new software effort competes for resources inside a business still working toward breakeven.
A disclosure naming a government customer, contract value or delivery schedule would give Ondas shares a concrete figure to price, but until Ondas and Palantir publish terms, Regna AI remains a headline rather than a revenue line. That uncertainty is worth noting. Investors holding Ondas shares alongside AeroVironment or Kratos may want to size their positions with it in mind, since Ondas has moved more sharply than its larger peers on news today. Into the close, watch for whether the JEDI ETF and the broader drone group steady or extend the slide.
Contact [email protected] for any questions or corrections.
Terra Nova Asset Management ve třetím čtvrtletí nově investovala do společnosti Palantir Technologies (PLTR), když nakoupila 7 530 akcií v hodnotě přibližně 1,408 milionu USD.
Terra Nova Asset Management LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,530 shares of the company’s stock, valued at approximately $1,408,000.
Several other hedge funds also recently bought and sold shares of PLTR. BlackRock Inc. raised its holdings in Palantir Technologies by 0.4% during the second quarter. BlackRock Inc. now owns 189,817,693 shares of the company’s stock valued at $22,146,030,000 after acquiring an additional 757,322 shares during the period. State Street Corp lifted its position in shares of Palantir Technologies by 2.8% in the second quarter. State Street Corp now owns 104,490,468 shares of the company’s stock valued at $12,190,903,000 after acquiring an additional 2,863,874 shares in the last quarter. Invesco Ltd. lifted its position in shares of Palantir Technologies by 2.8% in the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock valued at $3,984,281,000 after acquiring an additional 616,297 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Palantir Technologies by 1.0% in the second quarter. Bank of America Corp DE now owns 19,020,265 shares of the company’s stock worth $2,219,094,000 after acquiring an additional 180,486 shares during the period. Finally, Amundi boosted its stake in shares of Palantir Technologies by 7.4% in the second quarter. Amundi now owns 17,623,053 shares of the company’s stock worth $2,056,082,000 after acquiring an additional 1,212,653 shares during the period. Institutional investors own 45.65% of the company’s stock.
Key Headlines Impacting Palantir Technologies Here are the key news stories impacting Palantir Technologies this week:
Positive Sentiment: New sovereign-defense AI venture: Palantir and Ondas announced Regna AI, a standalone company designed to develop and deploy specialized AI models for governments and mission-critical operations involving drones, surveillance systems, ground vehicles and unmanned vessels. The partnership could expand Palantir’s defense reach and reinforce its role as an infrastructure provider regardless of which major AI model wins. Ondas Announces Regna AI, Powered by Palantir, to Advance Sovereign AI Positive Sentiment: Continued AI optimism: Several reports cited rising enterprise AI adoption, potential government contracts and strong demand for Palantir’s software. Bullish analysts, including Dan Ives, expect the company’s growth to continue into 2027, while other coverage pointed to rising earnings estimates and a growing proportion of buy ratings. Dan Ives Remains Bullish on Palantir’s Stock in 2027 Positive Sentiment: Upcoming earnings catalyst: Palantir will report third-quarter 2026 results after the market closes on November 2, with a webcast at 5:00 p.m. ET. Investors will be watching whether its previously reported rapid revenue growth and strong deal activity are continuing. Palantir Announces Date of Third Quarter 2026 Earnings Release and Webcast Neutral Sentiment: Barclays initiated research coverage, adding another institutional view of the stock, but the supplied report did not include its rating or price target. Palantir Technologies Research Coverage Started at Barclays Negative Sentiment: Phillip Securities downgraded Palantir from “strong buy” to “hold.” The action highlights concern that the stock’s valuation—at roughly 179 times earnings and a market capitalization above $500 billion—already discounts exceptional future growth. Analysts also warned that competition and the company’s very high price-to-sales multiple increase downside risk if growth slows. Palantir Stock Moved Down to Hold by Phillip Securities Insider Transactions at Palantir Technologies In related news, insider Jeffrey Buckley sold 1,250 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the completion of the transaction, the insider directly owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $155.70, for a total value of $5,449,500.00. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $100,081,780.20. This represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 536,364 shares of company stock valued at $93,083,303 over the last three months. Corporate insiders own 9.53% of the company’s stock. Analysts Set New Price Targets Several analysts recently issued reports on the company. Cantor Fitzgerald initiated coverage on Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating for the company. Barclays assumed coverage on Palantir Technologies in a report on Friday. They issued an “overweight” rating and a $265.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Tuesday, August 4th. Wolfe Research assumed coverage on Palantir Technologies in a research note on Tuesday, August 4th. They issued a “buy” rating for the company. Finally, Oppenheimer lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $200.54.
Get Our Latest Research Report on PLTR
Palantir Technologies Stock Down 0.0% PLTR opened at $209.00 on Tuesday. The firm has a 50-day simple moving average of $179.67 and a two-hundred day simple moving average of $150.60. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $212.94. The company has a market capitalization of $502.24 billion, a PE ratio of 178.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.60.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up 92.8% compared to the same quarter last year. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 1.31 earnings per share for the current year.
(Free Report)
Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.
The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.
See Also Five stocks we like better than Palantir Technologies Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR – Free Report).
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Palantir měla na konci 2. čtvrtletí objem nasmlouvaných zakázek ve výši 13,1 mld. USD, což představuje meziroční nárůst o 83 % a posiluje její růstový výhled.
Palantir Technologies (PLTR -0.72%) has staged a stunning rally recently, with shares of the artificial intelligence (AI) software specialist rising by a stunning 70% since the beginning of August.
This phenomenal jump in Palantir stock has brought its price to just over $200, as of this writing. Investors may now be wondering whether Palantir can sustain its rally and reach the $300 milestone.
Let's take a closer look at Palantir's prospects in this article and check why it can indeed reach that mark by the end of 2028.
Image source: The Motley Fool.
Investors have finally recognized Palantir's potential While the AI play has primarily focused on hardware-oriented companies in recent years, software will eventually help users increase productivity and unlock the benefits of this technology. Not surprisingly, AI software spending has been increasing rapidly.
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Gartner estimates that AI software spending is poised to jump from $283 billion in 2025 to $452.5 billion this year, a jump of nearly 60%. The trend is poised to continue in 2027, with spending expected to jump to $636 billion. I won't be surprised to see the strong AI software spending environment continuing in 2028, given the technology's productivity gains.
For instance, AI has increased the productivity of software engineers by nearly 33%, as reported by the IT-focused digital publication CIO. This is great news for Palantir. That's because Palantir's Artificial Intelligence Platform (AIP) has been designed to connect generative AI models with an organization's proprietary data, helping them build agents, models, workflows, and other tools so that they can take real-time decisions, reduce redundancy, or increase productivity, among other things.
Moreover, Palantir's AIP has been a massive hit. It has significantly accelerated the company's growth since its launch in April 2023.
Data by YCharts
Given that the AI software market still has significant room for growth, Palantir can sustain its phenomenal growth over the long run, resulting in more stock price upside. In fact, I won't be surprised to see the company breaching the $300 mark by the end of 2028.
Here's the math behind a $300 stock price Analysts expect Palantir's earnings to jump by 116% in 2026 to $1.62 per share. However, as the chart below indicates, consensus estimates suggest it will take two years for Palantir to double its earnings per share again.
Data by YCharts
However, that's unlikely to be the case given Palantir's huge backlog. The company had total remaining deal value (RDV) worth $13.1 billion at the end of Q2, up by 83% over the year-ago period. This metric indicates the total value of unfulfilled contracts at the end of a quarter, which means that Palantir has a robust revenue pipeline.
Also, the company's margin profile has been improving owing to the increased spending by existing customers. For instance, Palantir secured $3.37 billion in new contracts in Q2, well ahead of its quarterly revenue of $1.93 billion. As the company receives more contracts from both existing and new customers, there is a solid chance that its profit margin will increase.
Data by YCharts
Assuming Palantir doubles its bottom line in 2027 and 2028, its earnings per share could jump to $6.48 in 2028. That could be enough to send Palantir's stock price to $300 in the next two years, even if it trades at just 46 times earnings, a significant discount to its earnings multiple of 163 and a small premium to the tech-laden Nasdaq Composite index's earnings multiple of 43.
However, Palantir could maintain a larger premium if it indeed sustains triple-digit earnings growth, opening the possibility of greater gains.
Palantir ve čtvrtletí meziročně zvýšil tržby o 93 %; analytici nyní pro rok 2027 očekávají tržby ve výši 12,3 miliardy USD a zisk na akcii (EPS) 2,3442 USD.
Palantir has posted triple-digit annual gains three years running, and analysts keep raising their estimates even as the stock trades well above their price targets. One number reveals whether $300 per share is a legitimate target or a valuation trap.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) offers large organizations a simple deal. They can plug any AI model into their operations and still keep their data, logic, and know-how under their own control.
Its AIP platform runs on top of Foundry and Gotham, and that pitch has produced the fastest growth in Palantir’s history. Revenue rose 93% year-over-year last quarter, and CEO Alex Karp called the quarter “otherworldly”.
The stock has rallied sharply. Shares are up 15.52% year-to-date and 20.58% over the past month. They have rose 76% from June’s month-end close of $116.67. So what would it take for Palantir to hit $300 per share in 2027?
Palantir Has Outrun Wall Street’s Price Target
The average price target among analysts is $199.84, about 2.7% below today’s $205.34. The estimates behind that target are moving higher.
Analysts expect 2027 revenue of $12.3 billion, roughly 50% above the 2026 estimate, and EPS of $2.3442, up 45% from $1.6201. Ninety days ago, the 2027 EPS estimate stood at $2.0945. Over the past 30 days it has drawn 26 upward revisions and zero cuts.
Palantir has also beaten EPS estimates in each of the past eight quarters. Last quarter it reported $0.41 against $0.346 expected, extending that run of beats.
Here’s the Math Behind $300 Per Share
At today’s price, Palantir trades at about 88x estimated 2027 earnings. At $300, that multiple rose to about 128x. That is a high premium. Palantir supports it with a Rule of 40 score of 155%, a 62% adjusted operating margin, and 2026 adjusted free cash flow guidance of $4.5 billion to $4.7 billion.
What Could Push Palantir to $300?
Serial guidance raises: Full-year revenue guidance has rose from $7.18 billion to $7.65 billion to $8.15 billion.
U.S. commercial growth: Revenue grew 149% to $764 million, while U.S. commercial TCV reached $2.132 billion.
Customer expansion: Net dollar retention hit 157%, and Palantir closed 220 deals worth $1 million or more.
Management ambition: Karp said, “I am driving the business to grow at a rate equal to or above what we have in U.S. commercial for the next 18 months.”
Government momentum: U.S. government revenue rose 90%. Even so, Department of War revenue remains under 25 basis points of the Pentagon’s budget.
Palantir’s History Shows a 46% Gain Is Within Reach
Hitting $300 requires a 46% gain. Palantir has cleared that bar in three straight years. Shares rose 167% in 2023, 340% in 2024, and 135% in 2025. The stock also swings hard both ways.
It has a beta of 1.6 and fell 65% in 2022. With a market cap near $472.4 billion, triple-digit gains are harder to repeat. A 46% move still fits well within Palantir’s track record.
$300 Is a Stretch, but Palantir Has the Growth Engine
Getting to $300 requires a 46% gain and a forward multiple near 128x. Several things support that case. Estimates keep rising, Palantir keeps beating them, U.S. commercial demand is accelerating, and its sovereign AI pitch is winning over large companies.
Valuation remains the main hurdle. Stock-based compensation of $265 million last quarter is also worth tracking. Yearly returns may vary at this level, and rising estimates, accelerating demand, and consistent beats show how Palantir could see outsized returns in 2027.
Contact [email protected] for any questions or corrections.
Barclays zahájila analytické pokrytí společnosti Palantir s doporučením „nadvážit“ a cílovou cenou 265 USD, což představuje přibližně 27,7% růstový potenciál.
Barclays' objective implies approximately 27.7% upside, versus 10.9% for Goldman Sachs' $230 target.
Summary
Analyst enthusiasm varies materially while Palantir’s revenue remains heavily concentrated in the United States.
Palantir Technologies PLTR, the enterprise and government AI-software company, draws bullish analyst attention, but shares slipped about 1.1% to $206.90 at 12.20pm EST. Wall Street's targets leave plenty of room for disagreement. Barclays' $265 objective implies roughly 28% upside from that price. Goldman's $230 target puts the potential gain closer to 11%. Neither is a promise.
Yahoo Finance reported that Barclays initiated coverage with an Overweight rating and the $265 target. The operating numbers explain the focus on U.S. demand: second-quarter U.S. commercial revenue reached $764 million, while U.S. government revenue totaled $809 million. Together, those businesses generated about 81.3% of approximately $1.935 billion in companywide revenue. That concentration gives investors two engines to watch: corporate adoption and government spending.
The valuation snapshot puts shares 11.28% above the $185.92 GF Value estimate, suggesting the price already carries a premium to that benchmark. Palantir still has to earn that premium. More contracts help, but the stronger test is whether deployments produce recurring revenue without engineering costs climbing just as quickly. Expanding sovereign demand could widen the opportunity. Turning that demand into repeatable, profitable growth is what makes the bullish targets credible.
Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Analytik Dan Ives zařadil Palantir mezi své hlavní technologické tipy pro rok 2027, protože očekává pokračující vlnu investic do AI ve výši 4 bilionů USD.
Dan Ives is a prominent tech analyst, arguably the most popular one out there. He's bullish on the opportunities in artificial intelligence (AI), and one stock that he continues to see lots of potential in is Palantir Technologies (PLTR -0.69%).
Palantir has been delivering impressive results in recent quarters, and its growth has been tremendous. The stock's high valuation has spooked investors, and that was likely a key reason why it was down for much of the year. But since it reported its recent earnings results, it has been surging yet again. And Ives believes that the stock may still rise higher. Here's why.
Image source: Getty Images.
Ives believes investors are underestimating the near-term growth potential of AIIn a recent post on social media platform X, Ives said that, "investors [are] underestimating the scale and scope of this $4 trillion dollar spending wave." Ives believes that in the coming years, there is still going to be tremendous spending on AI. Due to these opportunities, Palantir was one of the stocks that were his top tech picks for 2027.
Palantir has been a big benefactor of AI-fueled growth, as the company's been winning over customers with its focus on AI sovereignty and the ability for customers to retain control of their underlying data. This is crucial for companies to maintain their competitive advantages and protect intellectual property.
The tech company has been an advocate for that, and it's been a hugely successful strategy. In its most recent quarter, which went up until the end of June, Palantir reported massive 93% revenue growth, which has been accelerating.
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Palantir's stock has been soaring of lateIn just the past month, Palantir's stock has risen by more than 20%, taking it back to the highs it reached nearly a year ago. The bullishness has seemingly returned, and with Ives taking a favorable view of Palantir for next year, the tech stock may continue to rise higher in the near term.
But while there is plenty of excitement and optimism around Palantir, investors shouldn't overlook its valuation, as it trades at a whopping 180 times its trailing earnings. The business is doing exceptionally well, and its growth rate looks incredible. However, at such a hefty valuation, it could still limit the stock's gains. Plus, it may leave investors vulnerable to a sell-off if market conditions deteriorate, as stocks that are highly valued may have the most room to fall.
Palantir Technologies Inc. (NASDAQ:PLTR) has climbed back from a slide that cut its stock nearly in half. Shares of the surveillance, AI, and data-analytics company hit a new all-time high Monday as Wall Street buys into the its so-called sovereign AI pitch.
Palantir’s stock price previously peaked at $207.52 on Nov. 3, 2025, and fell to $106.37 by June 25, a drop of about 48.7%. On Friday it closed at a record $209.05, up 5.17%, after hitting $209.58 during the session, per Benzinga Pro data.
The rally kept going Monday. Just after the opening bell, shares hit a new intraday high of $212.94. The stock is now up 99.7% from its June low.
PLTR stock is at new highs. See the chart and price action here.
Earnings Changed the StoryIn early August, Palantir stood 35% below its November peak and was down almost 30% for 2026. The second-quarter report turned sentiment around.
Revenue rose 93% year over year. CEO Alex Karp marked the result by saying, “For the first time people believe us.”
The company raised its annual revenue forecast, and the stock jumped 29.5% on Aug. 4, its biggest one-day percentage gain since February 2024.
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Goldman Turns BullishThe latest push higher followed a Goldman Sachs upgrade. Last Thursday, the bank moved Palantir to buy from neutral and set a $230 price target.
“The [total addressable market] may be setting up for another step function change in depth, because of the shift to sovereign AI, bespoke applications, and Palantir’s newer verticalization strategy,” Goldman analyst Gabriela Borges wrote. The bank also expects more government contracts, more automated workers and a more vertical supply chain.
Palantir rose 2% on Thursday while the Nasdaq fell 1% after an OpenAI revenue setback hit AI stocks. On Friday, software stocks led the market higher. Palo Alto Networks Inc. (NASDAQ:PANW) gained 5% and CrowdStrike Holdings Inc. (NASDAQ:CRWD) rose 4%.
Steep ValuationPalantir’s market value is now about $487.8 billion, which puts $500 billion within reach. The stock trades at roughly 179 times trailing earnings, according to Benzinga Pro data.
A high multiple is nothing new for Palantir. Last year, Fortune reported it was the most richly valued company in the S&P 500 at 245 times forward earnings.
Since launching in 2003, the company has won government contracts worth billions to create software for the Pentagon and U.S. Immigration and Customs Enforcement (ICE).
Next Test: Nov. 9Palantir reports third-quarter results on Nov. 9, and Goldman’s $230 target is about 8.3% above Monday’s price.
Expectations are high going into the report, with 93% growth last quarter and a stock that has nearly doubled in four months. Another strong quarter would help support the record. A weak one would show how stretched the valuation is.
PLTR Stock Price Activity: Palantir stock was down 0.20% at $208.64 at the time of publication Monday, according to Benzinga Pro.
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Photo: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Regna AI will bring mission-specialized fine-tuned AI models to governments and enterprises
WEST PALM BEACH & MIAMI, FL / ACCESS Newswire / October 12, 2026 / Ondas Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of advanced autonomous systems and next-generation defense and security technologies, and Palantir Technologies Inc. (NASDAQ:PLTR) announce the formation of Regna AI. Regna AI is a standalone private company, powered by Palantir and bootstrapped by Ondas that is expected to scale with institutional partners and help customers develop and deploy mission-specialized fine-tuned AI models within their own sovereign environments. Ondas will serve as Regna AI's first customer, deploying fine-tuned models to run autonomous mission orchestration on the edge. Established to serve the broader market, Regna AI will also partner with governments, businesses, and institutions seeking to bring sovereign AI capabilities to mission-critical operations.
Regna AI's models will be designed for deployment within customer environments and on edge hardware, including ISR systems such as drones, stratospheric balloons, ground vehicles and surface vessels as well as command-and-control nodes, supporting operations in denied, degraded, intermittent, or limited (DDIL) connectivity conditions. Capabilities will help operators assess evidence, compare options, and propose mission-plan updates for human review and authorization.
"No government should have to build its AI strategy on models or data infrastructure it does not control," said Eric Brock, Chairman and Chief Executive Officer of Ondas. "Regna AI combines open-weight models, customer-controlled mission data, and Palantir's operational platform to give defense organizations control over the AI that supports their missions. We believe Regna AI can become a foundational AI platform for the U.S. Department of War, allied governments and the defense and industrial companies that serve them."
Palantir will provide model-training infrastructure and support delivery, with Regna AI and Palantir collaborating on forward-deployed engineering to tailor and adapt capabilities to customer workflows and needs. In response to growing interest in sovereign, mission-specialized AI, Ondas is seeing significant demand for these capabilities and will work with Regna AI and Palantir to scale the platform and support initial customer deployments over the coming months.
"Sovereign AI, trained on mission knowledge and tradecraft, outperforms frontier models while removing dependence on them," said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies. "All layers of the stack are owned and controlled by the sovereign institution. Regna AI will put that within reach of institutions that could never justify building a frontier model of their own."
Regna AI is initially wholly-owned by Ondas, and will build on Ondas and Palantir's existing collaboration on SkyWeaver C4I, an open-architecture capability that integrates layered surveillance from the stratosphere to the tactical edge. Combining embedded agentic AI with edge processing, the program provides an operational foundation for Regna AI's mission-specialized models in multi-domain and degraded-connectivity environments.
Sovereign AI is becoming the defining requirement for defense. Governments and their defense partners face a difficult choice between accelerating with AI and protecting sovereign data, because commercial AI providers own the models they train and mission data cannot freely cross security boundaries. Built on Palantir's AIP, Regna AI will remove that tradeoff without the hundreds of millions to billions of dollars it can cost customers to build a model from scratch. Regna AI launches as America's AI Action Plan encourages open-source and open-weight models. Beginning with ISR and its foundational work with Ondas, Regna AI plans to expand into additional mission areas and into security, critical infrastructure and industrial markets, extending its opportunity well beyond defense.
About Ondas Inc.
Ondas Inc. (Nasdaq:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical technologies for defense, homeland security, public safety, critical infrastructure, and industrial markets. The Company develops and deploys integrated unmanned and autonomous platforms across air, ground, and stratospheric environments, including autonomous drone systems, counter-UAS technologies, robotic ground systems, advanced unmanned aircraft and propulsion solutions, demining and engineering systems, and integrated sensing and communications technologies designed to support intelligence, surveillance, reconnaissance, security, and operational missions in complex environments. Ondas' solutions are deployed globally by government, defense, and commercial customers to protect infrastructure, borders, transportation networks, personnel, and strategic assets.
For additional information on Ondas Inc., visit www.ondas.com.
About Palantir Technologies, Inc.
Foundational software of tomorrow. Delivered today. Additional information is available at palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We caution readers that forward-looking statements are predictions based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of Palantir's software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir's or Ondas' control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of the platforms and systems to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; the platforms and systems reliability; and customers' ability to modify or terminate contracts. Additional information regarding these and other risks and uncertainties is included in the filings Palantir and/or Ondas makes with the Securities and Exchange Commission from time to time. Except as required by law, neither Palantir nor Ondas undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Contacts
IR Contact for Ondas Inc.
888-657-2377
[email protected]
Media Contact for Ondas Inc.
Escalate PR
[email protected]
Preston Grimes
Marketing Manager, Ondas Inc.
[email protected]
Palantir (PLTR +5.17%) has been an incredible stock to own over the past few years. It has become one of the most prominent AI companies in the country, and a host of companies and government agencies make use of its services. It has grown its sales at an incredible pace over the past few years, and its stock has soared as a result.
However, there's one overarching question: Has Palantir's stock gotten ahead of itself? I think history offers a pretty strong indication about the answer, and it's not one that Palantir shareholders will be happy to hear.
Image source: The Motley Fool.
Competition is rising Palantir made a name for itself by offering its customers a fairly easy plug-and-play AI software. Essentially, clients can easily deploy Palantir's AI-powered analytics tool to mine their internal data for useful insights. The early iterations of its software were intended for government use, but eventually, the company found its way into the commercial marketplace. The combination of government and commercial AI has been a powerful one for Palantir, but it isn't the only game in town anymore.
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Rising stars like Anthropic and OpenAI also have great AI products that companies can use, and these products could become more popular than Palantir's, which could result in its growth slowing.
Wall Street analysts are already projecting just that. The consensus view is that Palantir will report that it grew by 84% in Q3, and that it will further slow to 75% in Q4, compared to 93% in Q2. Next year, the projected growth rate declines to 50%.
If that happens, the stock could be in trouble, as there is a ton of hoped-for growth already baked into the stock. However, Wall Street has been consistently wrong on its Palantir projections, as its growth rate has continued to accelerate quarter after quarter, even though the company's own projections also indicated it would slow.
PLTR Revenue (Quarterly YoY Growth) data by YCharts.
Yet as more companies become comfortable deploying AI tools from giants like OpenAI and Anthropic, this may pose a sizable headwind for Palantir, since most of its platforms' capabilities can be recreated for far less than it charges for a subscription.
That wouldn't be great for the stock, and history has nearly countless examples of innovators that started as disruptors before being disrupted themselves. The main problem for Palantir's stock is that it's priced like the company has no competition.
Palantir's stock is pricey From a price-to-sales ratio standpoint, Palantir is very expensive at 81.
PLTR PS Ratio data by YCharts
Generally speaking, software stocks are considered expensive when they trade above 20 or 30 times sales, let alone triple or quadruple that level. For comparison, AI lab Anthropic is expected to go public with a market cap of about $2 trillion sometime in November. Back in July, Anthropic told investors that its annual run rate would be about $65 billion. If the market were willing to put a P/S valuation of 81 on Anthropic, that would give it an IPO market cap of $5.3 trillion.
As a group, companies that reach such high price-to-sales multiples have a terrible track record of long-term share price performance in the years that follow, as there is a lot of anticipated growth already priced into the stock. Even if Palantir can continue growing rapidly, its stock will spend a lot of time absorbing that growth while trading sideways to bring its valuation down to a more reasonable level. Or, it could be disrupted by one of the growing AI labs such as Anthropic or OpenAI, in which case the market could respond by selling it off. As a result, I think investors can expect lackluster returns from Palantir through 2028.
Společnost Palantir Technologies ve čtvrtletí meziročně zvýšila tržby o 92,8 % na 1,94 mld. USD a zisk na akcii (EPS) dosáhl 0,41 USD, což překonalo očekávání ve výši 0,34 USD.
Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report) has been given an average recommendation of “Moderate Buy” by the thirty-seven research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, twenty-three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $198.75.
Several research analysts have issued reports on PLTR shares. UBS Group raised their price objective on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Wolfe Research started coverage on Palantir Technologies in a report on Tuesday, August 4th. They set a “buy” rating on the stock. Piper Sandler reissued an “overweight” rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Mizuho boosted their price target on Palantir Technologies from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, DA Davidson upped their price objective on Palantir Technologies from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 11th.
Check Out Our Latest Analysis on Palantir Technologies
Palantir Technologies News Summary Here are the key news stories impacting Palantir Technologies this week: Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target, citing expanding demand for sovereign AI, customized applications and specialized industry software. The firm believes Palantir’s addressable market and competitive advantages can support further outperformance into 2027. Goldman Sachs Upgrades Palantir to Buy Positive Sentiment: Barclays initiated coverage at Overweight with a $265 target, adding another bullish analyst signal. The recommendation suggests Palantir’s accelerating commercial adoption and government relationships may justify continued premium growth expectations. Barclays Starts Palantir Coverage Positive Sentiment: Investor enthusiasm is also being supported by Palantir’s reported operating momentum: revenue growth was approximately 93% year over year in the latest quarter, while 2026 guidance and U.S. commercial demand have been raised sharply. Commentary around expanding contracts, 157% net dollar retention and potential 2027 revenue well above consensus is strengthening the long-term bull case. Palantir The Next One Trillion Dollar Company Neutral Sentiment: Palantir’s rally has pushed the stock near its 52-week high ahead of the expected November 2 earnings report. Investors are increasingly focused on whether management can deliver another strong quarter and sustain its aggressive guidance trajectory. Neutral Sentiment: Analyst comparisons with ServiceNow and CrowdStrike highlight Palantir’s faster AI growth and government-driven advantages, but also emphasize that its valuation is substantially richer than many enterprise-software peers. Negative Sentiment: Several analysts warn that the stock is overbought after a roughly 60% rally since the August earnings release. With a very high earnings multiple, even a modest slowdown, disappointing guidance or weaker contract activity could trigger a correction. Palantir Correction Risk Negative Sentiment: Reported insider activity has consisted entirely of sales over the past six months, including transactions by senior executives. While these sales may be scheduled or compensation-related, they add a cautionary signal at elevated prices. Zacks also moved its stance to Hold, underscoring the valuation debate. Insiders Place Their Bets In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 35,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 536,364 shares of company stock valued at $93,083,303 in the last three months. 9.53% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows A number of hedge funds have recently added to or reduced their stakes in PLTR. Taylor & Morgan Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the third quarter worth $267,000. Oak Grove Capital LLC acquired a new position in Palantir Technologies during the third quarter valued at $465,000. jvl associates llc acquired a new position in Palantir Technologies during the third quarter valued at $205,000. Friday Financial lifted its stake in Palantir Technologies by 33.3% in the 3rd quarter. Friday Financial now owns 2,192 shares of the company’s stock worth $417,000 after acquiring an additional 548 shares in the last quarter. Finally, Castleview Partners LLC purchased a new stake in Palantir Technologies in the 3rd quarter worth about $297,000. 45.65% of the stock is owned by hedge funds and other institutional investors.
Palantir Technologies Trading Up 5.2% PLTR stock opened at $209.05 on Friday. The company has a market capitalization of $502.36 billion, a P/E ratio of 178.68, a PEG ratio of 2.94 and a beta of 1.60. Palantir Technologies has a twelve month low of $106.37 and a twelve month high of $209.58. The business has a 50 day simple moving average of $178.00 and a 200-day simple moving average of $150.29.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $0.16 EPS. The company’s quarterly revenue was up 92.8% on a year-over-year basis. Research analysts predict that Palantir Technologies will post 1.31 EPS for the current fiscal year.
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Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.
The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.
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Artificial intelligence (AI) is changing the way businesses operate, but there's a big difference between having access to AI and knowing how to put it to work.
That's where Palantir Technologies (PLTR +5.17%) comes in. And it's why I believe the company's growth story is far from over. Despite a gain of more than 1,000% over the last three years, Palantir stock still has enormous potential -- and it's continuing to grow its business at an astounding rate.
Palantir's Artificial Intelligence Platform (AIP) helps businesses and government agencies turn enormous amounts of information -- collected from thousands of sources, including satellites -- into real-time insights. In short, Palantir's software helps organizations make decisions, improve efficiency, and solve complicated problems.
Image source: The Motley Fool.
That's an incredibly valuable position in the AI marketplace, and Palantir has shown repeatedly how it puts its platform to work. For example, the Japanese IT equipment and services company Fujitsu has used Palantir's software to help a Japanese manufacturer connect information from more than 3,000 suppliers and 18 factories, generating more than $10 million in annual cost savings. Palantir and Fujitsu recently announced an expansion of their partnership that uses Fujitsu's own large language model, Takane.
Palantir is also expanding its reach through partnerships with Nvidia, PwC, and Nebius Group, addressing opportunities ranging from critical supply chains to sovereign AI systems that give organizations greater control over sensitive data.
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The new emphasis is on AI sovereignty Palantir continues to sign up new business at an incredibly rapid rate. In the second quarter alone, Palantir closed 220 deals with customers valued at more than $1 million each, totaling more than $3.37 billion in contract value.
The company's most recent efforts center on AI sovereignty, which it describes as the ability of a nation or organization to develop and control AI systems without relying on foreign governments or external technology providers. Palantir CEO Alex Karp has been outspoken on the topic, arguing that companies should control the value their AI creates rather than surrendering data to AI providers.
The company has conducted two "Sovereignty Bootcamps" this year to demonstrate Palantir's capabilities in helping companies control and protect their AI. "With nearly 200 unique organizations in attendance across both, Palantir has also enabled the accelerated onboarding of net new customers who recognize that getting started quickly is critical for their own institutional sovereignty," the company said. I fully expect these bootcamps to drive a wave of new business and enable U.S. commercial revenue to continue expanding at a triple-digit rate.
As organizations seek to integrate AI into their everyday operations, Palantir is becoming a key partner and increasingly indispensable. Its platforms are unique, powerful, and nearly impossible for competitors to replicate.
For investors willing to hold for the long term, I don't think it's too late to buy. This company is just getting started.
Patrick Sanders has positions in Nebius Group, Nvidia, and Palantir Technologies. The Motley Fool has positions in and recommends Nvidia and Palantir Technologies. The Motley Fool has a disclosure policy.
Shares of Palantir Technologies (PLTR +5.17%) closed September around 60% above where they started July, climbing from about $117 to about $187. Much of that came in one day. The stock surged around 29% the day after the company posted its second-quarter results on Aug. 3, a quarter when revenue rose 93% year over year.
That kind of quarter isn't new to longtime shareholders, though. By my count, it was the sixth time the AI software specialist's stock has gained 40% or more in a quarter since it started trading in September 2020.
After the other five, shares kept rising the next quarter four times. But five cases is a small sample, and the path behind each of those quarter-end numbers was far from smooth.
Image source: Getty Images.
The first big quarter came just after the stock began trading, when shares climbed around 148% in the fourth quarter of 2020. The next didn't arrive until the second quarter of 2023, with an 81% gain. Then the gains came closer together: 47% in the third quarter of 2024, 103% in the fourth quarter of 2024, and 62% in the second quarter of 2025. The quarter that just finished makes six.
What came next was mainly good news. In the third quarter of 2023, the stock climbed around 4%, and it more than doubled in the fourth quarter of 2024. It added 12% in the first quarter of 2025 and 34% in the third quarter of 2025.
The only exception was the first quarter of 2021, when shares dipped around 1%.
In the middle case, the stock gained about 12% the next quarter. So, the record leans positive, but it doesn't suggest another 60% quarter.
Five cases make a thin recordStill, I wouldn't lean on this pattern much. Even leaving aside the small sample, the cases aren't fully separate from each other. Two of the big quarters sit back to back in 2024, so the 103% fourth quarter is both a big quarter and a follow-up.
The quarter-end numbers also hide plenty of movement. In the first quarter of 2021, the stock closed as much as 66% above where the quarter began in late January, then gave all of it back.
The first quarter of 2025 played out in a similar way. Shares closed as much as 65% higher in mid-February, then ended the quarter up around 12%.
And this recent rally is different in one key way. Palantir's stock dropped around 34% in the first half of 2026, so the third quarter's rise mostly made up lost ground.
Shares closed September only about 3% above where they finished September 2025.
Can revenue growth keep speeding up?The business is arguably a better guide than the stock chart. And there, the trend is strong.
Palantir's revenue growth has accelerated for three straight quarters. It rose from 63% year over year in the third quarter of 2025 to 70% in the fourth quarter, then 85% in the first quarter of 2026. By the second quarter, growth hit 93% and revenue was around $1.9 billion.
Better still, profit grew faster than sales. Second-quarter net income came to about $1.06 billion, over three times what Palantir made a year before.
Management's outlook for the third quarter, though, calls for revenue of around $2.16 billion, or about 83% more than a year ago. That's still an impressive pace. But it would snap the streak of faster growth.
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That said, Palantir has tended to beat its own forecasts. For each of the past three quarters, revenue came in about 6% to 7% above the top of management's range. A similar result this time might put third-quarter growth in the mid-90s -- another acceleration.
Palantir released its third-quarter results on Nov. 3 last year, so the next update's probably a few weeks away. This report might matter more for the stock than any pattern in its past.
After all, investors are paying a high price for that growth. At roughly $193 as of this writing, shares trade at about 165 times earnings. Even if Palantir doubled its profit from here, the stock would still cost over 80 times earnings.
Overall, Palantir's earlier big quarters lean in shareholders' favor, and the business behind this one is growing faster than a year ago. But a pattern based on five quarters doesn't tell investors much about a growth stock priced around 165 times earnings. That price is still too high for me to buy.
Gradient Investments ve třetím čtvrtletí zvýšila svůj podíl ve společnosti Palantir Technologies (PLTR) o 1 093,9 % na 37 466 akcií v hodnotě 7,008 milionu USD.
Gradient Investments LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 1,093.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,466 shares of the company’s stock after purchasing an additional 34,328 shares during the quarter. Gradient Investments LLC’s holdings in Palantir Technologies were worth $7,008,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of PLTR. Guardian Wealth Advisors LLC NC raised its holdings in Palantir Technologies by 67.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 10,627 shares of the company’s stock worth $1,240,000 after buying an additional 4,283 shares during the period. Independent Financial Group LLC boosted its holdings in shares of Palantir Technologies by 20.8% in the second quarter. Independent Financial Group LLC now owns 188,200 shares of the company’s stock worth $21,957,000 after buying an additional 32,427 shares during the period. World Equity Group Inc. increased its position in shares of Palantir Technologies by 7.2% in the second quarter. World Equity Group Inc. now owns 43,627 shares of the company’s stock worth $5,090,000 after acquiring an additional 2,948 shares in the last quarter. Sage Capital Advisors llc increased its position in shares of Palantir Technologies by 63.5% in the second quarter. Sage Capital Advisors llc now owns 66,944 shares of the company’s stock worth $7,810,000 after acquiring an additional 25,995 shares in the last quarter. Finally, V. M. Manning & CO. Inc. acquired a new stake in shares of Palantir Technologies during the second quarter valued at approximately $539,000. 45.65% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Palantir Technologies In related news, Director Lauren Friedman Stat sold 1,337 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $189.95, for a total transaction of $253,963.15. Following the completion of the sale, the director directly owned 51,428 shares in the company, valued at approximately $9,768,748.60. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexander C. Karp sold 492,348 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 536,364 shares of company stock worth $93,083,303. Corporate insiders own 9.53% of the company’s stock.
Palantir Technologies News Summary Here are the key news stories impacting Palantir Technologies this week: Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral and set a $230 price target, citing a potentially larger addressable market driven by sovereign AI, custom-built applications and specialized industry solutions. Palantir Gets Goldman Sachs Upgrade as Sovereign AI Opens New Market Positive Sentiment: The upgrade suggests Palantir could benefit as governments and businesses seek greater control over data, infrastructure and AI models. The company’s partnership with Armada to deploy its Sovereign AI Operating System reinforces that growth narrative. Palantir Is Betting on Sovereign AI to Help Take Its Stock Higher Positive Sentiment: Additional bullish commentary from analyst Dan Ives, who named Palantir among his top technology picks for the expected multitrillion-dollar AI spending cycle, added to positive momentum ahead of the company’s next earnings report. Dan Ives Thinks AI Buildout Is Still in Early Stages Neutral Sentiment: Palantir’s strong revenue growth, profitability and government-contract activity continue to support the investment case. However, the stock is trading near its 52-week high with a very elevated earnings multiple, leaving investors focused on whether growth can justify the valuation. Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, while some coverage continues to warn that the valuation may already reflect much of the company’s AI success. Palantir Technologies Stock Dropped to Hold by Zacks Research Negative Sentiment: Reported insider activity has been heavily weighted toward sales, and investor Michael Burry has taken longer-dated bearish positions on Palantir and other AI leaders. These signals may intensify concerns about profit-taking and an eventual slowdown in AI spending. Palantir Technologies Price Performance NASDAQ PLTR opened at $198.78 on Friday. The firm has a market capitalization of $477.68 billion, a price-to-earnings ratio of 169.90, a price-to-earnings-growth ratio of 2.73 and a beta of 1.60. The company has a 50 day simple moving average of $176.28 and a 200-day simple moving average of $149.88. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The firm’s revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, analysts predict that Palantir Technologies Inc. will post 1.28 EPS for the current year.
Analyst Upgrades and Downgrades Several brokerages recently commented on PLTR. The Goldman Sachs Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 price target for the company in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Wednesday, September 23rd. BNP Paribas Exane started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “underperform” rating on the stock. Northland Securities set a $200.00 target price on Palantir Technologies in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald assumed coverage on Palantir Technologies in a research report on Tuesday, August 4th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.75.
Read Our Latest Stock Analysis on PLTR
Palantir Technologies Company Profile (Free Report)
Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.
The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.
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Tom Watson z Palantir varoval, že zadávání veřejných zakázek nemá podléhat „davovému rozhodování“, zatímco firma čelí tlaku kvůli smlouvě s NHS v hodnotě £330 mil.
Tom Watson, the former Labour deputy leader who recently joined Palantir, has warned against “mob rule” when it comes to awarding public contracts.
Lord Watson, now a senior vice-president at the US tech corporation, said UK ministers could get themselves “in a lot of trouble” as he was questioned about concerns raised about the government working with his new employer.
Palantir was co-founded by the Trump-supporting billionaire Peter Thiel and has provided AI-powered software to the Israeli military and the White House’s ICE immigration crackdown, leading to a public and political backlash against its deepening involvement in British public services.
The prime minister, Andy Burnham, is under significant pressure from Labour MPs and unions to ditch Palantir from government contracts, including a £330m software deal with the NHS.
The company is also fighting Sadiq Khan in court over the London mayor’s block on a £50m contract to use its AI in Metropolitan police investigations. It is seeking to win more public sector work in the UK, where it already has an annual turnover of £427m.
Watson told the BBC podcast Political Thinking with Nick Robinson: “One of the things I’d say to my former colleagues is: do you want to let the rule of law to lead procurement practice, or do you want to let mob rule to lead procurement practices? Because you get yourself in a lot of trouble if you go down on the latter one.”
He added: “I think we are very targeted by the people that are targeting Israeli companies. We’re not an Israeli company, but because of our work in Israel, we found ourselves in the middle of the row of the Gaza protests.”
Watson told the podcast he would work with a Reform UK government on immigration crackdowns if the situation arose, saying: “We don’t actually work in that sector, but yes, of course we would.”
He called Palantir “the most interesting company on the planet” as he announced his new role last month. The company said his job would be, in part, to “deepen the social and economic value its work creates through better British public services, jobs and skills”.
Watson was a defence minister and a minister for digital engagement in Gordon Brown’s government. Since stepping down from parliament in 2019, he has been an adviser to the gambling and music industries and, since 2024, he has been a part-time adviser to Palantir.
Palantir said Watson had taken a leave of absence from the House of Lords and had relinquished his parliamentary pass while he worked for the company in London.
The Labour MP Chi Onwurah, who chairs the science, innovation and technology committee, which has raised concerns about Palantir, told BBC Radio 4’s Today programme: “Tom is not the first politician to be blinded by tech hype. The key issue is we can’t be so dependent on one company. It’s a US company, subject to US legislation regarding access to our data.”
Goldman Sachs zvýšila doporučení pro Palantir na „kupovat“; akcie 8. října vzrostly o 3,8 %. Tržby ve 2. čtvrtletí meziročně stouply o 93 % na 1,94 mld. USD.
The $230 target implies roughly 16% upside as Palantir's revenue growth already approaches 100%. Summary
Goldman sees a wider market; Palantir must defend its premium.
Palantir Technologies PLTR, the data-platform and AI software provider, rose approximately 3.8% to $201.37 on Oct. 8 after Goldman Sachs upgraded the shares to Buy from Neutral, according to Barron's. Its $230 target implies another 14.2% upside. That gives buyers a fresh reason to chase the stock—but an analyst target still needs earnings to back it up.
The business has been delivering plenty of those. Palantir reported second-quarter revenue of $1.94 billion, up 93% year over year, while U.S. commercial sales surged 149% to $764 million. Its GAAP operating margin reached 47%. The punchline: rapid growth is translating into substantial operating profit, strengthening the case for AI software that customers put to work across their operations.
The valuation picture adds some friction: shares sit 8.97% above the $184.79 GF Value estimate, suggesting buyers are already paying a premium. Customized deployments and customers' demand for control over their data could expand Palantir's opportunity. The next test is turning early projects into larger, recurring commitments. Strong numbers support the rally; sustaining that pace will determine whether the premium holds.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
There is a criticism of Palantir Technologies (PLTR +1.07%) that refuses to go away. For all the praise surrounding its artificial intelligence (AI) software, Palantir sends engineers directly into customer organizations to solve problems. On the surface, this sounds like consulting.
While there is some truth to that comparison, Palantir's forward deployed engineers work alongside customers rather than simply handing them a software toolkit and walking away. Focusing on this process misses what Palantir is actually selling -- and, more importantly for investors, the economics of the business.
If Palantir were really a consulting firm disguised as an AI company, its financial statements would eventually expose that. Instead, they're telling almost the exact opposite story.
Image source: Getty Images.
Palantir's engineers are not traditional consultants Palantir calls its sales approach forward deployed engineering. The idea is straightforward: engineers go directly into organizations, learn how those businesses operate, integrate Palantir's technology with their systems, and build data workflows around real-world problems.
Although this has consulting characteristics, there's an important difference. A traditional consulting firm like Accenture, Booz Allen Hamilton, or McKinsey, primarily monetize the time and expertise of its employees. Palantir's engineers are deploying the company's Artificial Intelligence Platform (AIP), a suite of software programs that can be used across an entire organization in different departments.
Palantir's AIP Bootcamps reinforce the business model. Prospective customers can demo AIP and work directly with Palantir to build use cases in a matter of hours or days. Once customers see how the software works against their own pain points, Palantir can expand the relationship quickly -- keeping customers sticky in the process.
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Palantir's financials look nothing like a consulting firm Palantir's second-quarter results were remarkable. Total revenue surged 93% year over year to $1.94 billion. U.S. commercial revenue accelerated 149% to $764 million, while U.S. government revenue climbed 90% to $809 million.
During the quarter, Palantir closed 220 deals worth at least $1 million, including 73 worth at least $10 million. Meanwhile, U.S. commercial remaining deal value (RDV) increased 124% to $6.24 billion.
Margins tell investors the most important part of the story. Palantir generated $1.2 billion in adjusted operating income, producing a jaw-dropping 62% adjusted operating margin. Adjusted free cash flow also reached $1.2 billion, representing a 63% margin. Those aren't the economics of a consulting company.
PLTR Operating Margin (TTM) data by YCharts
Consulting is inherently labor intensive, meaning it is low-margin. Palantir, by contrast, is demonstrating impressive operating leverage as revenue scales. Think of it this way: Palantir's software can be deployed across customers without expenses rising proportionately with sales.
What's even more encouraging is Palantir has multiple avenues for expansion. AIP and Foundry are penetrating commercial enterprises while Gotham is increasingly embedded across defense agencies and national security workloads. In addition, sovereign governments increasingly want AI capabilities and secure data infrastructure. This gives Palantir exposure to commercial AI, defense modernization, and sovereign technology spending all at once.
Palantir's valuation is another blemish Another argument against Palantir stock revolves around valuation. As of this writing (Oct. 5), Palantir trades at roughly $189 per share and commands a market capitalization around $453 billion. The stock boasts a price-to-sales (P/S) ratio of 78 and a price-to-earnings (P/E) multiple of 160.
PLTR PS Ratio data by YCharts
Under conventional valuation frameworks, those multiples are difficult to justify. I see another side to the argument, though. A P/S ratio becomes considerably less informative when revenue is growing 93% year over year while operating margins simultaneously expand. Likewise, as the chart above illustrates, a P/E ratio can fall surprisingly quickly when earnings compound rapidly.
While this does not mean I'd buy into Palantir's momentum at any price, I do think the trends above should encourage investors to think more deeply about what the company's profitability profile could look like several years from now rather than simply looking at today's ratios and stopping there.
All told, Palantir's forward deployed engineers might make the company look like a consultancy, but its financial trajectory resembles an unusually scalable software business. This makes Palantir one of the most interesting long-term AI stocks.
I view Palantir as a stock to accumulate selectively rather than chasing after big rallies. By using dollar-cost averaging, investors can steadily build a position in Palantir at different price points over a long-term time horizon. This will give you the flexibility to build or trim your position as you see fit based on the company's growth over the next several years.
Palantir ve 2. čtvrtletí zvýšil tržby o 93 % na 1,94 mld. USD a jeho provozní marže podle GAAP dosáhla 47 %; akcie se však obchodují za zhruba 59násobek anualizovaných tržeb.
A top-five analyst call meets a valuation near 59 times simple annualized second-quarter revenue. Summary
Exceptional growth has created an equally exceptional execution hurdle.
Palantir Technologies PLTR, the government-and-enterprise AI software company, rose approximately 0.3% to $192.68 around 11:24 a.m. ET on October 7. According to MarketWatch, Dan Ives included the company among his five favorite technology stocks heading into 2027. A bullish endorsement helps. Delivering the growth already baked into the price matters more.
The operating numbers pack a punch. Palantir's second-quarter release reported revenue of $1.94 billion, up 93%, while U.S. commercial revenue surged 149%. GAAP operating margin reached 47%, total contract value hit $3.37 billion, and cash plus short-term Treasury securities totaled $9.2 billion. That combination gives investors more than an AI growth story: it shows rapid expansion alongside substantial profitability.
The picture puts the shares 4.43% above the $184.51 GF Value estimate, suggesting a modest premium on that measure. But the broader sales multiple sets a much tougher hurdle. A roughly $458 billion market capitalization amounts to about 59 times second-quarter revenue multiplied by four—a simple annualization, not a forecast. Palantir's business is racing ahead. At this valuation, investors need that pace to last, because slower commercial growth or thinner margins could hit the multiple hard.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Palantir Technologies (PLTR -0.67%) is one of the most exciting growth stories in artificial intelligence (AI). And despite what looks like a hefty valuation, the stock could have considerable upside over the next five years.
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The company has become one of the premier software-as-a-service (SaaS) companies when it comes to AI. The combination of its Foundry solution with its Artificial Intelligence Platform (AIP) layered on top has turned it into an important AI orchestration layer that is akin to an AI operating system. Palantir's Foundry solution comes from the company's roots as a data gathering and analytics company; it collects data from a wide variety of sources and puts it all into an ontology that connects to an organization's assets and operational workflows. AIP then acts as an important execution layer for third-party AI models with strict guardrails and audit trails. In essence, it helps make AI more useful in the real world by significantly reducing the possibility of costly AI hallucinations.
The success of AIP can be seen in Palantir's numbers. The company's revenue growth has accelerated every quarter for three straight years, led by its strength with U.S. commercial customers. Last quarter, its overall revenue climbed by 93% to $1.94 billion, while its U.S. commercial revenue surged 149% to $764 million. Meanwhile, its U.S. commercial remaining deal value climbed 124% to $6.24 billion. The U.S. government remains Palantir's largest customer, and that business segment's growth has also been rapidly increasing, climbing 90% year over year in Q2 to $809 million.
How strong Palantir's solution is, though, is evident in its performance with existing customers. The company's net revenue retention over the past 12 months for customers that have been with the company for a year or more was an astonishing 157%. This means that among that cohort of established customers, the average client increased its spending on Palantir's services by 57%. A number that high is rare.
Palantir is also good at attracting new customers. Potential clients are brought in to "AI boot camps" where it demonstrates within a week's time how its services can solve actual problems those organizations are facing. This has greatly sped up Palantir sales cycles. Last quarter, it grew its U.S. commercial customer count by a solid 35% year over year and 6% sequentially. Deals are also getting bigger, with a 1.7x increase in U.S. commercial deals over $1 million and a 1.6x increase in deals over $5 million.
Image source: The Motley Fool.
Where could Palantir trade in five years? High-gross-margin SaaS companies in growth mode are typically valued using a forward price-to-sales (P/S) metric. The reason for this is that their profits can often be artificially depressed because the costs of acquiring customers are recognized immediately, while the revenues those customers provide are spread out over years.
Analysts currently project that Palantir will generate $53.4 billion in revenue in 2032. However, that's probably at least $1 billion to $2 billion too low, given its pattern of consistently beating expectations, so I will base my calculations on revenue of $55 billion that year. If it's delivering revenue growth in the 25% to 30% range, Palantir's stock could still easily command a 20 times forward P/S multiple at that time. Notably, CrowdStrike is expected to grow its revenue in the mid-20% range and trades at a forward P/S multiple of around 40 times, so this assumption is relatively modest.
A 20 times forward P/S multiple on revenues of $55 billion would give Palantir a market cap of around $1.1 trillion, or a share price of $460. That's about 138% upside from current levels, and assumes some pretty significant multiple compression (down from a 55 times forward P/S multiple today based on 2026 estimates). That would turn a $1000 investment made today into a position worth about $2,380.
If the stock were to trade at a 30 times forward P/S multiple, Palantir would have a $1.65 trillion market cap, or a $688 stock price, good for a 256% gain. That $1000 initial investment would then be worth about $3,560.
So while Palantir may look pricey today, the stock could still have a lot of upside from here.
Společnost Palantir Technologies (PLTR) v posledním čtvrtletí vykázala zisk na akcii (EPS) ve výši 0,41 USD, oproti očekávaným 0,35 USD. Ukazatel Earnings ESP ve výši +2,38 % naznačuje možnost dalšího překonání odhadů zisku.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Palantir Technologies Inc. (PLTR - Free Report) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider.
When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 15.47%, on average, in the last two quarters.
For the most recent quarter, Palantir Technologies was expected to post earnings of $0.35 per share, but it reported $0.41 per share instead, representing a surprise of 17.14%. For the previous quarter, the consensus estimate was $0.29 per share, while it actually produced $0.33 per share, a surprise of 13.79%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Palantir Technologies lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Palantir Technologies currently has an Earnings ESP of +2.38%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #1 (Strong Buy) indicates that another beat is possibly around the corner.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Palantir Technologies Inc. (PLTR - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this company have returned +8.3% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Internet - Software industry, to which Palantir Technologies belongs, has gained 12.7% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Palantir Technologies is expected to post earnings of $0.42 per share, indicating a change of +100% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $1.61 for the current fiscal year indicates a year-over-year change of +114.7%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.26 indicates a change of +40.2% from what Palantir Technologies is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Palantir Technologies.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Palantir Technologies, the consensus sales estimate for the current quarter of $2.17 billion indicates a year-over-year change of +84%. For the current and next fiscal years, $8.19 billion and $11.67 billion estimates indicate +83% and +42.5% changes, respectively.
Last Reported Results and Surprise HistoryPalantir Technologies reported revenues of $1.94 billion in the last reported quarter, representing a year-over-year change of +92.8%. EPS of $0.41 for the same period compares with $0.16 a year ago.
Compared to the Zacks Consensus Estimate of $1.81 billion, the reported revenues represent a surprise of +7.16%. The EPS surprise was +17.14%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Palantir Technologies is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Palantir Technologies. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
Palantir ve 2. čtvrtletí meziročně zvýšil tržby o 93 % a americké komerční tržby vyskočily o 149 % na 764 milionů USD. Michael Burry mezitím dál navyšuje short na akcii.
One of the most exciting yet controversial stocks in the market today is no doubt Palantir Technologies (PLTR -0.68%). The stock is up nearly 675% over the past five years, as of this writing, but it has also drawn criticism from respected short-seller Michael Burry. Burry made a name for himself by calling the housing collapse and is one of the key figures in the movie The Big Short, which documented that collapse.
The running joke around Palantir has long been that no one actually knows what the company does, despite the stock's strong performance. The company was formed shortly after the Sept. 11, 2001, terrorist attacks and was backed by PayPal co-founder Peter Thiel, who believed PayPal's fraud-detection framework could be adapted for use by security analysts.
Image source: Getty Images.
Palantir's first commercially successful product, stemming from these efforts, was its Gotham platform. The solution could gather and analyze data from disparate sources and help spot anomalies to detect potential threats. The government used the platform to follow money trails to uncover terrorist activities, and its Foundry solution was later adopted to track COVID-19 cases. Today, its platforms are used for a variety of use cases by the government, including out on the battlefield, helping with military intelligence.
While Foundry is used by the government, it has also helped push the company into the commercial market. Foundry aggregates information from various parts of an organization and unifies it into an ontology that links the data to physical objects and real-world processes. The solution took off after the company built its Artificial Intelligence Platform (AIP) on top of it, serving as an AI orchestration layer. The combination of clean data that can be linked to physical assets and everyday concepts has significantly reduced AI hallucinations in third-party AI models and delivered actionable insights. In essence, this has turned Palantir's AIP into something akin to an AI operating system.
Palantir consistently reports accelerating growth The rise of AI and the launch of Palantir's AIP set in motion huge growth for the company, especially in the U.S. commercial sector. The company's revenue growth has now accelerated for 12 consecutive quarters, culminating in a huge 93% year-over-year surge in Q2 2026.
Metric (YOY)
Q2 2023
Q3 2023
Q4 2024
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Revenue growth
13%
17%
20%
21%
27%
30%
36%
39%
48%
63%
70%
85%
93%
Source: Company earnings reports. YOY = Year over year.
U.S. commercial revenue has been leading the way, skyrocketing 149% last quarter to $764 million in the quarter, while U.S. commercial remaining deal value soared 124% to $6.24 billion. The company is both adding new customers at a strong clip and seeing rapid growth with existing customers. Last quarter, its U.S. commercial customer count rose by 35% year over year and 6% sequentially. Perhaps the most impressive metric from Palantir's Q2 report, though, was its net revenue retention, which measures revenue growth from existing customers that have been with the company for more than 12 months. This metric came in at an eye-popping 157%.
Despite Palantir's impressive growth, Burry has thrown shade on the stock and has been increasing his short position. The most obvious knock on the stock is its valuation, which currently sits at a forward price-to-sales (P/S) ratio of 37 times 2027 analyst estimates. That's a hefty valuation, although the hypergrowth Palantir is currently experiencing can bring that multiple down pretty quickly if it can be sustained.
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Burry has also argued that Palantir's metrics resemble those of a consulting firm like Accenture rather than a software-as-a-service (SaaS) company, given its mounting receivables. However, the company's 85% gross margin doesn't look like anything close to Accenture's 32% gross margin last quarter, and its receivables are tied directly to how the government pays its customers.
Burry also thinks AI models could threaten Palantir's competitive moat. First, admitting the company has a moat seems to contradict his first argument that it is more akin to a consulting firm, as expressing concern over a threat to a moat implicitly acknowledges that a moat exists in the first place. Meanwhile, the importance of AI-model-agnostic software layers is becoming more evident by the day. AIP does not compete with AI models, and instead is a hugely important orchestration layer that sits on top of them.
Overall, while I agree Palantir stock isn't cheap, I still think it could become one of the largest and most important AI companies in the world over the next decade. This makes the bullish case stronger.
Geoffrey Seiler has positions in PayPal. The Motley Fool has positions in and recommends Accenture Plc, Palantir Technologies, and PayPal. The Motley Fool recommends the following options: long January 2028 $260 calls on Accenture Plc, short December 2026 $62.50 calls on PayPal, and short January 2028 $280 calls on Accenture Plc. The Motley Fool has a disclosure policy.
, the defense and enterprise-AI software company, named Armada its first certified modular data-center partner, with shares up approximately 1.82% to $193.505 at 11.05am ET on October 2. The partnership targets governments and businesses that want control over their AI infrastructure. The valuation graphic puts the stock 5.78% above its $182.93 GF Value™, suggesting investors already price in some growth upside.
The offering brings Palantir's sovereign-AI software together with Armada's modular data centers and infrastructure-management tools. According to Financial News, the hardware will be manufactured in the United States and allied countries. Customers would run models on infrastructure they own and control. The companies disclosed no contract value, purchase commitment, customer count or revenue-sharing terms.
For Palantir, the opportunity is to make its software easier to deploy where data security, equipment origin and local control shape purchasing decisions. An integrated package could reduce the work customers face stitching together separate systems. But certification does not put dollars into backlog by itself. The next meaningful proof is paying customers—and evidence that deployments turn into recurring software revenue.
Salesforce ve fiskálním roce 2026 zvýšila tržby na zhruba 41,5 miliardy USD a oznámila, že roční opakované tržby z Agentforce přesáhly 1,5 miliardy USD.
As the software market shifts toward products driven by artificial intelligence (AI), investors comparing enterprise software names may find themselves choosing between Salesforce (CRM -1.01%) and Palantir Technologies (PLTR -0.05%). This comparison looks at which company offers the better balance of value and growth.
Salesforce describes itself as a global leader in customer relationship management (CRM) technology and is now focused on Agentforce, its line of autonomous AI agents. Palantir sells software platforms that governments and companies use to integrate their data and apply AI to daily operations. For investors researching AI stocks to buy, the two companies present very different financial profiles.
The case for SalesforceSalesforce sells cloud-based software that helps businesses manage customer relationships and sales pipelines. Its annual report for fiscal 2026, which ended on Jan. 31, 2026, lists 83,334 employees and states that the company sells to businesses across almost every industry. On Aug. 26, 2026, Salesforce said annual recurring revenue from Agentforce had passed $1.5 billion. It completed its acquisition of Fin, an AI customer agent company formerly known as Intercom, on Sept. 10, 2026.
In fiscal 2026, revenue reached approximately $41.5 billion, up 9.6% from the prior fiscal year. Net income was nearly $7.5 billion, and net margin rose to 18% from 16.4%. About $1.0 billion in net gains from strategic investments contributed to that improvement, compared with a small net loss on those investments a year earlier.
As of Jan. 31, 2026, Salesforce had about $14.4 billion in total debt and $59.1 billion in shareholder equity, a debt-to-equity ratio of about 0.2x. Its current ratio, which compares current assets with liabilities due within a year, was roughly 0.8x.
The debt picture has changed since then. Salesforce issued about $25 billion in debt in the quarter that ended April 30, 2026, to fund an accelerated share repurchase, and its July 31, 2026, balance sheet shows $39.3 billion in debt against $38.4 billion in equity, a ratio of about 1.0x.
Free cash flow, defined as operating cash flow minus capital expenditures, was about $14.4 billion in fiscal 2026. Stock-based compensation (SBC) equaled roughly 23.4% of operating cash flow, which is worth noting because SBC is a non-cash expense that is added back in the cash flow statement.
The case for Palantir TechnologiesPalantir develops software platforms that help organizations integrate their data and operations, and it sells them to government agencies and commercial customers.
Government customers supplied 54% of its 2025 revenue. Palantir also works with other companies that investors follow as tech stocks, including a collaboration with Nvidia (NVDA +1.69%) announced on Sept. 10, 2026, and a global partnership with Fujitsu (FJTSF +2.38%). Its commercial customer count reached 870 for the 12 months ended June 30, 2026, up 26% from a year earlier.
In the fiscal year ended Dec. 31, 2025, revenue reached roughly $4.5 billion, a 56.2% year-over-year increase. Palantir reported net income of about $1.6 billion. Net margin was about 36.3%, up from 16.1% in 2024.
Palantir had no debt outstanding as of Dec. 31, 2025, resulting in a debt-to-equity ratio of 0.0x. Its current ratio at that date was approximately 7.1x, indicating ample liquid assets to cover short-term liabilities. Free cash flow, calculated the same way as for Salesforce (operating cash flow minus capital expenditures), was about $2.1 billion.
Palantir's own adjusted free cash flow, which adds back employer payroll taxes tied to stock-based compensation, was about $2.3 billion. SBC equaled roughly 32% of operating cash flow.
Risk profile comparisonSalesforce competes with established enterprise software vendors and AI-native start-ups in a market that its annual report calls highly competitive. Salesforce and its Slack unit sued Microsoft (MSFT +0.42%) in London's High Court in April 2026, alleging that the tying and bundling of Teams harmed competition.
Microsoft has said the case lacks merit, and the outcome is uncertain. Salesforce must also integrate large acquisitions such as Informatica, which closed in fiscal 2026, and Fin, and it now carries far more debt than it did at the start of the fiscal year. On Sept. 29, 2026, it also agreed to acquire Listen Labs, an AI customer research company, in a deal it expects to close in the fourth quarter of fiscal 2027.
Palantir's annual report flags a limited number of customers that account for a substantial portion of its revenue, with the top three supplying 16% of 2025 revenue, and a sales cycle it calls long and unpredictable.
The company depends on third-party computing infrastructure. It also warns that news coverage or other outside scrutiny of the company or its leadership could harm its reputation. A shareholder lawsuit that a federal court dismissed in April 2025 was still on appeal as of June 30, 2026.
Valuation comparisonSalesforce trades at a much lower forward P/E, which compares the stock price to future earnings estimates, and a much lower P/S ratio, which measures price relative to sales over the past 12 months.
MetricSalesforcePalantir TechnologiesForward P/E14.4x85.5xP/S ratio4.5x71.4xValuation metrics include sourcing from Financial Modeling Prep (FMP) and may differ from other data providers.
Salesforce looks like the better buy to me, with the caveat that it's a slower-growing and more indebted company than the fiscal 2026 figures above suggest. On Aug. 26, 2026, management guided for revenue growth of 11% to 12% in fiscal 2027, which ends in January 2027.
By its own math, more than a quarter of that growth comes from the Informatica acquisition. Salesforce also borrowed heavily earlier this year to fund its accelerated share repurchase. Its debt has more than doubled since January and roughly equaled shareholder equity at the end of July. The appeal is the price.
A business that turns about a third of its revenue into free cash flow, at a forward P/E in the mid-teens, leaves room for Agentforce to grow slowly without the investment case falling apart.
Palantir is growing far faster. Its revenue nearly doubled in the second quarter, and on Aug. 3, 2026, management raised its full-year outlook. The catch is a forward P/E ratio more than five times Salesforce's, which leaves the stock with little cushion if growth cools.
Growth rates this high are also hard to sustain as a company gets bigger. I'd rather hold Palantir as a small position in a diversified portfolio than pay that premium for a large one. Even so, a company expanding this quickly with no debt has earned a spot on a growth investor's watch list.
Palantir oznámil devátý po sobě jdoucí ziskový odhad na akcii (EPS) a tržby 1,935 miliardy USD, což je meziročně o 92,83 % více. Firma zároveň zvýšila celoroční výhled tržeb na 8,150 až 8,158 miliardy USD.
Palantir just posted its ninth consecutive earnings beat and revenue growth that left Wall Street scrambling to revise its models upward, yet the stock still sits 9% below its peak. Whether that gap is an opportunity or a warning depends…
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Our 24/7 Wall St. price target for Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) is $202.14 over the next 12 months. With shares at $188.77, that means 7.1% upside. Our model rates Palantir a buy with high confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $188.77 Price Target from 24/7 Wall St. $202.14 Upside 7.1% Recommendation BUY Confidence Level 90% That target sits above the Wall Street consensus of $195.57. Management raised full-year revenue guidance to $8.150 billion to $8.158 billion, representing 82% growth. The question is whether growth can outrun a valuation that already prices in significant upside.
A Second-Quarter Earnings Beat Sparked a Sharp Rebound Palantir traded near $123.06 on August 1. A week later it was at $172.01, after the August 3 earnings report. Shares are up 6.2% year to date and 1.28% over the past month, but down 1.57% this week. The stock sits 9% below its 52-week high of $207.52 and 77% higher than its low of $106.37.
Second-quarter EPS of $0.41 exceeded the $0.28 estimate, Palantir’s ninth consecutive beat. Revenue reached $1.935 billion, up 92.83%. U.S. commercial revenue grew 149% to $764 million. CEO Alex Karp called the quarter “otherworldly,” pointing to a Rule of 40 score of 155%.
Why Bulls See $219 and Beyond In the forward pipeline, U.S. commercial total contract value rose 153% to $2.132 billion, and remaining deal value climbed 124% to $6.238 billion.
The 2027 EPS consensus has risen to $2.3267 from $2.0821 90 days ago, with 26 upward revisions and zero cuts in 30 days. If AI sovereignty demand speeds up, the bull case reaches $219.29.
A Premium Valuation Leaves Little Room for a Stumble Palantir trades at 160x trailing earnings and 73x sales. Its government contracts can be ended for convenience, and stock-based compensation reached $265 million last quarter. Our bear case is $170.22. Even so, GAAP operating margin reached 47% after those compensation costs, so profitability already covers the dilution.
Palantir Outgrows CrowdStrike, Snowflake and ServiceNow CrowdStrike (NASDAQ:CRWD) is in the same software-infrastructure industry and also carries a premium for AI exposure. The stock changes hands at 208x forward earnings on 25.8% revenue growth.
Also competing with Palantir for enterprise data and AI workloads is Snowflake (NYSE:SNOW), yet its 169x forward multiple comes with 35.1% growth.
ServiceNow (NYSE:NOW) is the value contrast, trading at 28x forward earnings on 24% growth.
Company Forward P/E Quarterly Revenue Growth YoY Palantir 85x 92.8% CrowdStrike 208x 25.8% Snowflake 169x 35.1% ServiceNow 28x 24% Palantir is growing several times faster than its high-multiple peers and trades at a lower forward multiple than both. Measured against that group, our 24/7 Wall St. price target looks reasonable and even conservative.
Palantir Earns Its Premium, and the Upside Is Still Building The 24/7 Wall St. price target of $202.14 comes with a buy rating and 90% confidence. What tips the scale is the steady stream of upward earnings revisions.
The case gets stronger if U.S. commercial growth stays above 100% and the third quarter beats the $2.160 billion to $2.164 billion revenue guide. It weakens if deal momentum slows while the multiple stays extended. For now, growth is exceeding the valuation.
Palantir Price Prediction 2026-2030 Looking further ahead, here is where our model projects Palantir could trade at each year’s end, assuming current growth trends and market conditions hold.
Year Price Target from 24/7 Wall St. 2026 $190.18 2027 $204.33 2028 $212.81 2029 $236.20 2030 $251.97 Palantir’s continued execution on its AIP-led commercial expansion supports these projections. Sovereign AI demand could drove results well above this path, while a drop in government spending could pull them below it.
Contact [email protected] for any questions or corrections.
Palantir vykázal nejrychlejší růst tržeb v historii společnosti: tržby vzrostly o 92,83 % na 1,935 miliardy USD a celoroční výhled tržeb zvýšil už podruhé za sebou.
Palantir just posted numbers that left Wall Street scrambling to justify its own cautious price targets, and the real question is whether the valuation ceiling everyone keeps citing is about to become a floor.
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The 24/7 Wall St. price target for Palantir (NASDAQ:PLTR | PLTR Price Prediction) is $202.08 over the next 12 months. That implies 8.08% upside from the model’s $186.97 starting price. Our model gives the stock a high-confidence buy rating.
24/7 Wall St. Price Target Summary Metric Value Current Price $186.97 Price Target from 24/7 Wall St. $202.08 Upside/Downside 8.08% Recommendation BUY Confidence Level 90% Palantir posted the fastest revenue growth in its history and raised full-year guidance for the second straight quarter. The upside in our target is modest because the valuation already reflects much of that momentum. The growth path is long enough that Palantir can keep compounding well past our 12-month window.
A 93% Growth Quarter Restarted Palantir’s Rally Shares rose 2.36% over the past week and are up 6.53% year to date at $189.36 this morning. The stock is 8.8% below its $207.52 52-week high and 78% above its $106.37 low.
Revenue grew 92.83% to $1.935 billion. EPS came in at $0.41 against a $0.28 estimate, which made it the ninth consecutive beat. Full-year revenue guidance now is at $8.150 billion to $8.158 billion, up from the $7.182 billion to $7.198 billion range Palantir gave in February. PwC also expanded its strategic alliance with Palantir on September 3 to help organizations scale enterprise AI.
Why Bulls See $219 and Beyond Net dollar retention reached 157%, and total remaining deal value hit $13.1 billion, up 83%. Palantir closed 73 deals worth $10 million or more in the quarter. CEO Alex Karp said, “I am driving the business to grow at a rate equal to or above what we have in U.S. commercial for the next 18 months.”
The adjusted operating margin reached 62%, and Palantir guides for $4.50 billion to $4.70 billion in adjusted free cash flow for the year. 21 analysts rate the stock a buy or strong buy. Under the most optimistic scenario, shares reach $219.27.
Valuation and Dilution Could Cap the Upside Shares trade at 159x trailing earnings and 85x forward earnings. Stock-based compensation was $265 million in Q2, and gains on Palantir’s SpaceX stake added $0.03 to GAAP EPS. Government contracts terminable for convenience pose a risk.
Two analysts rate the stock a sell or strong sell, and the downside scenario points to $170.18. Q2 free cash flow of $1.220 billion far exceeded stock-based compensation, while adjusted expenses rose 37% due to AI platform investment and technical hiring.
How Palantir Stacks Up Against Snowflake and MongoDB Snowflake (NYSE:SNOW) competes for enterprise AI data budgets with 35.09% revenue growth but a GAAP operating loss of $263 million.
MongoDB (NASDAQ:MDB) sells AI-ready databases with 30.5% revenue growth.
Company Latest Quarter Revenue Growth Adjusted Operating Margin Palantir 92.83% 62% Snowflake 35.09% 15.3% MongoDB 30.5% 24% Palantir is growing close to three times as fast as either peer and at far higher margins. Against that group, the 24/7 Wall St. price target looks reasonable, and arguably conservative.
Palantir’s Growth Tips the Scale Toward Our Buy Rating The 24/7 Wall St. price target of $202.08 carries a buy rating and 90% confidence. What tips the scale is Palantir’s ability to keep speeding up growth while margins expand.
I would view shares more favorably if U.S. commercial growth holds above 100% into 2027. I would grow more cautious if the pace of deal closings slows while the stock still trades at 85x forward earnings.
Palantir’s profile, hypergrowth at scale with expanding margins, mirrors the early traits of past tech giants. We collected those signs in a free playbook you can grab here.
Here is where our model projects Palantir could trade if current growth trends and market conditions hold.
Year Price Target from 24/7 Wall St. 2026 $185.07 2027 $202.08 2028 $218.13 2029 $233.16 2030 $237.90 Contact [email protected] for any questions or corrections.
Více než 44 000 lidí podalo právní námitky proti tomu, aby NHS England zpracovávala jejich data na platformě Federated Data Platform (FDP) provozované s technologií Palantiru. Požadují také zastavení zpracování, dokud se jejich žádost nevyhodnotí.
Tens of thousands of people have formally demanded NHS England blocks the Palantir-powered national medical data platform from handling their personal information.
More than 44,000 people have filed legal objections to their health data being shared with, stored in or used by the nationwide Federated Data Platform (FDP) operated using the US company’s AI technology.
The coordinated campaign utilises rights enshrined in data protection laws and means the NHS must stop using the data unless it can provide a “compelling reason” to continue.
Hundreds of thousands of people have signed petitions demanding the government cancels its £330m deal with Palantir, and Andy Burnham will be required to make a decision to back or axe Palantir within months.
Campaigners have voiced anger at Palantir’s work for the Israeli military and Donald Trump’s immigration crackdown, and two House of Commons select committees have called for Labour to exercise a break clause in the seven-year deal which comes into force in February 2027.
David Murray, a retired IBM systems engineer and one of those requesting the data block, said: “I am a believer in the NHS having really good data on their patients, but I want it to be something you can really trust to be used for the right purposes. I am not happy about Palantir’s involvement with the IDF in Gaza and ICE in America.”
On Wednesday, the human rights group Amnesty International and patient campaign group, Just Treatment, parked a van styled like a shot-up Palestinian ambulance outside Palantir’s London HQ in a stunt that asked: “Why should a company linked to Israel’s destruction of Gaza’s healthcare system have any place in ours?”
Amnesty International have questioned the use of Palantir’s technology in Gaza. Photograph: Vuk Valcic/Zuma Press Wire/ShutterstockProtesters have also raised concerns, acknowledged by the NHS England chief executive, Jim Mackey, that the benefits to public health from the Palantir-powered platform may not be as significant as has been claimed.
Palantir says the FDP, which is designed to connect sprawling health service data on topics ranging from surgery schedules to discharge planning, is helping to cut waiting lists and frees up beds. Louis Mosley, the company’s executive vice-president for UK and Europe, has accused people who disagree with that assessment of suffering from “Palantir derangement syndrome”.
A spokesperson said: “Palantir software is helping to deliver better care, with trusts using it recording 117,000 additional operations, a 14.3% reduction in discharge delays for long-stay patients and a 5.6% improvement in the number of people finding out whether or not they have cancer within 28 days.”
Mosley has said its technology was used for locating hostages, not military targeting, in Gaza, although when challenged last year by a protester alleging “Palantir kills Palestinians” in Gaza, the company’s chief executive, Alex Karp, replied: “Mostly terrorists, that’s true.”
The formal objections to the FDP using personal data cite article 21 of the UK General Data Protection Regulation and express concern that “the involvement of Palantir undermines my personal trust in NHS data confidentiality”. Palantir said its patient data could only be handled according to the NHS’s instructions and remained in the UK.
Veronica Hawking, the campaigns director at 38 Degrees, a not-for-profit that coordinated the data objections, said: “The scale of this public backlash should be a huge wake-up call for the government.”
A spokesperson for NHS England said: “All NHS organisations remain in control of their data within the FDP, with suppliers unable to access it for their own purposes, and we will respond to the objection requests in line with data protection law.”
The 44,000 objectors have also asked that the NHS halts processing of their data through the Palantir platform while their main request is assessed.
