Palantir v 1. čtvrtletí zvýšila tržby o 85 % na 1,6 miliardy USD a upravený zisk na akcii (non-GAAP) o 153 % na 0,33 USD. Firma zároveň zvýšila celoroční výhled.
Palantir Technologies (PLTR -0.30%) has been a cornerstone of the artificial intelligence (AI) trade for several years. Its stock price, despite dropping 30% year to date, has increased 1,800% since January 2023.
In a recent interview, Gil Luria, head of technology research at D.A. Davidson, told Schwab Network, "Palantir may be the best company in the world. It's at least the best software company." He also explained that, while the stock remains expensive, the valuation is more attractive today than it has been in the past.
Earlier this month, Luria raised his target price to $175 per share. That implies 42% upside from the current share price of $123. However, most Wall Street analysts expect even larger gains. Palantir has a median target price of $200 per share, implying 62% upside.
Image source: Getty Images.
Palantir's unique software architecture gives the company an edge Palantir develops analytics platforms that integrate data and apply artificial intelligence to help customers make better decisions. The company has differentiated itself with a unique software architecture. While most analytics tools focus on charts and tables, Palantir built its platforms around a decision-making framework called an ontology.
Think of the ontology as a digital twin. It connects data to real-world assets and processes, creating a single source of truth for an entire organization. By structuring information in a manner conducive to artificial intelligence, Palantir's ontology makes it easy for customers to surface insights and automate workflows.
Additionally, Palantir's Artificial Intelligence Platform (AIP) is an agnostic large language model orchestration tool, meaning customers can apply any AI model to the ontology data. That distinguishes Palantir from companies like Anthropic and OpenAI, whose products center on proprietary models rather than agnostic orchestration.
Luria says the market needs agnostic products, citing a recent U.S. government directive that forced Anthropic to temporarily suspend access to its Fable model. "So now companies know we need somebody like Palantir, where if something like that happens, they can swap in an OpenAI model or even an open-source model," he told Schwab Network.
Luria went on to say Palantir has always been a major player in the AI platforms market, but its role in that market is becoming even more important as the number of available models increases. "Most companies are in the very initial stages of trying everything to see what catches. But Palantir customers are using AI already to deliver results," he said.
Palantir has received praise from several independent research firms. Dresner Advisory Services has ranked the company as a leader in three market studies: artificial intelligence, data science, and machine learning; model operations; and agentic AI. Likewise, Forrester Research has recognized Palantir as a leader in AI decisioning platforms.
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Palantir's impressive growth trajectory makes its rich valuation tolerable Palantir reported impressive financial results in the first quarter. Revenue increased 85% to $1.6 billion, the 11th consecutive acceleration, and non-GAAP (generally accepted accounting principles) earnings increased 153% to $0.33 per diluted share. The company also raised full-year guidance, now anticipating 71% revenue growth in 2026, up from 56% in 2025.
"Our financial results now demonstrate a level of strength that dwarfs the performance of essentially every software company in history at this scale," CEO Alex Karp told analysts on the earning call. "We are in a category of our own."
Looking ahead, Wall Street expects Palantir's earnings to grow at 56% annually through 2027. In that context, Palantir's current valuation of 128 times earnings is not cheap, but it is tolerable, especially given that the company has topped the consensus earnings estimate by an average of 15% over the last six quarters.
Luria's assertion that Palantir might be the best company in the world is rather bold. I'm not sure I'd go that far. Regardless, patient investors should consider buying a small position in the stock today.
Palantir spojuje data, pracovní postupy a AI do jedné provozní vrstvy, aby firmy nasazovaly AI v ostrém provozu, ne jen v testech. V 1. čtvrtletí 2026 zvýšil tržby o 85 % a v USA u komerčních tržeb o 133 %.
Key Takeaways Palantir uses Ontology to connect data, workflows, and AI into enterprise operations.PLTR's AIP Bootcamps help customers rapidly move AI from pilots to production deployments.PLTR paired 85% revenue growth with strong profitability, outperforming key AI software peers. Palantir Technologies (PLTR - Free Report) has long been recognized as a leader in enterprise data analytics. Still, its competitive advantage is increasingly being defined by something far more durable than AI software alone. The company’s growing moat stems from its ability to help organizations transition from isolated AI experiments to fully operational, enterprise-wide AI deployments.
At the center of this strategy is Palantir’s Ontology, a software layer that connects an organization’s data, business processes, assets and decision-making into a unified operational model. Rather than simply generating insights, Ontology enables AI applications to understand how an enterprise functions and execute workflows within existing business operations. This transforms AI from a standalone productivity tool into infrastructure that supports mission-critical decision-making.
Complementing this platform is Palantir’s AIP Bootcamp program, which accelerates the path from proof of concept to production. Instead of spending months evaluating AI use cases, customers collaborate with Palantir to build working applications that solve real operational problems. Successful pilots often expand into larger deployments across departments, creating deeper integration with the customer’s technology ecosystem.
This combination of Ontology and AIP Bootcamps strengthens Palantir’s competitive position in several ways. As organizations deploy more workflows, connect additional data sources and embed AI into daily operations, switching to another platform becomes increasingly difficult. Existing customers also gain opportunities to expand usage over time, reinforcing recurring revenue growth while increasing long-term customer value.
Unlike many AI vendors focused primarily on developing models, Palantir is positioning itself as the operational layer that allows enterprises to deploy AI securely, reliably and at scale. As businesses increasingly prioritize production-ready AI over experimental projects, this integrated approach could continue widening PLTR’s competitive moat and strengthening its long-term growth prospects.
Palantir vs. AI Software PeersPLTR’s competitive strengths are reflected in its financial performance. The company delivered 85% revenue growth in the first quarter of 2026, including an exceptional 133% increase in U.S. commercial revenues, while generating a 60% adjusted operating margin and a 53% GAAP net margin. Even leading AI software companies like Datadog (DDOG - Free Report) and Snowflake (SNOW - Free Report) struggle to match this combination of rapid expansion and profitability.
While DDOG and SNOW continue to benefit from AI demand, their growth rates remain significantly lower. By combining a durable software foundation with industry-specific expertise and superior execution, Palantir continues to separate itself from DDOG, SNOW and traditional enterprise software competitors.
PLTR’s Price Performance & EstimatesThe stock has declined 30% year to date compared with the industry’s 7% decrease.
Image Source: Zacks Investment Research
From a valuation standpoint, PLTR trades at a forward price-to-sales ratio of 31.47X, well above the industry’s 3.96X. It carries a Value Score of F.
The Zacks Consensus Estimate for PLTR’s 2026 earnings declined over the past 60 days.
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PLTR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Palantir má podle článku klíčovou výhodu v Rule of 40 na úrovni 145 %, což má být důvod, proč může dál porážet trh. Firma zároveň v 1. čtvrtletí zvýšila tržby o 84,71 % meziročně na 1,63 miliardy USD.
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Palantir (NASDAQ:PLTR | PLTR Price Prediction) has been down 29.92% year to date while the S&P 500 has gained 9.60%. But the one reason Palantir can beat the market from here is the same reason it has beaten it over five years: a Rule of 40 score of 145%, matched only by NVIDIA (NASDAQ:NVDA), Micron (NASDAQ:MU), and SK hynix.
Our 24/7 Wall St. price target for Palantir is $162.35, implying 30.33% upside from $124.57. Recommendation: Buy. Confidence: high, at 90%.
24/7 Wall St. Price Target Summary Metric Value Current Price $124.57 24/7 Wall St. Price Target $162.35 Upside 30.33% Recommendation BUY Confidence Level 90% Why Palantir Sold Off Despite Blowout Numbers Palantir sits 12% below its 52-week high of $207.52 and roughly 17% above its 52-week low of $106.37. Shares are down 6.87% in the past week.
Yet fundamentals keep improving. In Q1 FY2026, filed May 4, 2026, adjusted EPS of $0.33 beat the $0.2795 consensus by 18.07%, and revenue of $1.63 billion grew 84.71% YoY, extending the streak to eight straight EPS beats.
U.S. commercial revenue jumped 133% YoY to $595 million, and management raised FY2026 revenue guidance to $7.650 to $7.662 billion (71% growth). Over five years, PLTR is up 471.16%.
The Case for $200+ Our bull scenario projects PLTR reaching $203.55 in 12 months, a 63.4% total return. U.S. commercial acceleration anchors this path: remaining deal value ended Q1 at $4.92 billion, up 112% YoY, and TCV closed was $2.41 billion (+61% YoY).
Free cash flow more than tripled to $925 million, with FY2026 adjusted FCF guided to $4.2 to $4.4 billion. The Street consensus target of $183.12 sits between our base and bull cases.
The Risks Worth Watching PLTR trades at a trailing P/E of 150x and forward P/E of 91x, versus an implied model P/E of 131x. Our bear scenario lands at $142.36 (+14.29%), but broader multiple compression could retest the 52-week low.
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Stock-based compensation of $201.6 million in Q1 and government contract termination-for-convenience clauses are legitimate concerns. GAAP operating income of $754 million (46% margin) demonstrates genuine GAAP profitability, a mark most software peers cannot claim even after backing out SBC.
How Palantir Compares to Snowflake and CrowdStrike Snowflake (NYSE:SNOW) is the closest data-platform peer, but the growth gap is wide: SNOW grew Q1 FY27 revenue 33.5% YoY and remains GAAP-unprofitable with an operating margin of -30.6%.
Palantir grew 84.71% at a 46% operating margin. Our $162.35 target looks conservative relative to what investors pay for slower, unprofitable data infrastructure.
CrowdStrike (NASDAQ:CRWD) offers a better valuation contrast. CRWD grew Q1 FY27 revenue 25.6% and carries a $192 billion market cap. Palantir’s $298.6 billion market cap is a premium, but with more than triple the growth rate, the multiple is defensible.
Hold Through the Volatility, Buy on Dips Verdict: Buy, with high (90%) confidence in the 24/7 Wall St. price target of $162.35. The Rule of 40 at 145% combined with FY2026 guidance raised twice already is the tipping factor.
The setup rewards investors who can tolerate a beta of 1.56 across a 12-month horizon. Investors unable to absorb another 30% drawdown may find the risk/reward less compelling. Growth this durable rarely stays this cheap for long.
Palantir Price Prediction 2026-2030 Year 24/7 Wall St. Price Target 2026 $162 2027 $189 2028 $217 2029 $243 2030 $266 These projections assume Palantir executes on U.S. commercial expansion and defends operating margins near 40%. Significant upside or downside could result from major government contract shifts or accelerated enterprise AIP adoption.
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Palantir Technologies Inc. (NYSE:PLTR) stock fell on Wednesday, driven by targeted regulatory scrutiny regarding its UK National Health Service (NHS) Federated Data Platform (FDP) contract.
The Nasdaq is down 0.21% while the S&P 500 has gained 0.11%, and Technology is the weakest sector on the day (down 0.4%), setting a tougher backdrop for high-multiple software names.
• Palantir Technologies shares are sliding. Why is PLTR stock dropping?
UK Regulator Addresses FDP MetricsThe UK’s Office for Statistics Regulation (OSR) addressed public concerns on Wednesday regarding NHS England’s communication of performance metrics for the FDP.
On June 6, NHS England updated its methods page, adding: "We cannot therefore draw conclusions about cause and effect as other variables have not been controlled for."
The OSR noted that NHS England added the caveat following Freedom of Information requests regarding FDP data analysis. NHS England committed to placing caveats on its main FDP website and commissioning Imperial College to conduct an independent academic evaluation.
Contract Controversies and CriticismThe regulatory developments follow broader scrutiny over the NHS contract.
Jo Maugham, executive director of the Good Law Project, stated: “Palantir is not — and frankly never has been — a company that can be trusted with this nationally important contract.”
Domestic Alternatives In the UKRegional NHS entities have also opted out of the system. In a Guardian letter published on July 20, Dr. Devan Moodley, CEO of Health Connect Global, highlighted that Greater Manchester’s integrated care board declined the platform, relying instead on local capabilities built with UK universities and firms.
Financial Results ApproachingPalantir will report its second-quarter financial results on Aug. 3. Analysts project earnings per share of 33 cents on quarterly revenue of $1.81 billion.
Technical AnalysisFrom a trend perspective, Palantir is still trying to stabilize after a longer downtrend: it’s trading 2.9% below its 50-day SMA ($132.22) and 17.1% below its 200-day SMA ($154.84), keeping the intermediate and long-term bias tilted bearish. The 20-day SMA ($126.81) is just underneath price, but the 20-day remains below the 50-day (bearish), and the Death Cross that formed in February (50-day below 200-day) continues to hang over rallies.
Momentum is best read through RSI, which sits at 47.37 — neutral and consistent with a stock that’s chopping rather than trending strongly.
Key Resistance: $136.50 Key Support: $122.50 PLTR Stock Price Activity: Palantir Technologies shares were down 4.93% at $126.12 at the time of publication on Wednesday, according to Benzinga Pro data.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Palantir po poklesu zhruba o třetinu z maxima zůstává drahý, i když výnosy ve čtvrtletí vzrostly o 85 % na 1,6 miliardy USD a vedení dál zvyšuje výhled výnosů.
Just a few months ago, investors couldn't get enough of Palantir Technologies (PLTR 1.57%). The company -- known for "big data" analytics -- was delivering record earnings, demand for its artificial intelligence (AI) software was surging, and the stock seemed unstoppable.
Fast-forward to today, and the mood has changed. Although the business continues to execute at a high level, Palantir's stock has fallen roughly a third from its peak. That naturally raises an important question.
Has this correction finally created a buying opportunity, or is the stock still too expensive?
Image source: Getty Images.
The business hasn't been the problem Most investors who focus only on Palantir's operating results will probably struggle to explain why the stock corrected so sharply. The company recently reported another outstanding quarter. Revenue for the period grew 85% year over year to $1.6 billion, while U.S. commercial revenue grew more than 130%, highlighting strong demand from businesses adopting its Artificial Intelligence Platform (AIP).
The quality of that growth is just as impressive. Unlike many fast-growing AI companies, Palantir is generating meaningful profits and strong free cash flow. Management has also continued to raise its revenue guidance, suggesting that demand remains healthy. In other words, the business is performing well. If anything, Palantir's business is stronger today than it was when the stock was making new highs.
Then why did the stock fall? Here's where many investors get confused. They assume a falling stock price means a weakening business. Sometimes that's true. But sometimes the business keeps improving while the stock falls. That's largely what happened with Palantir.
During the early AI boom, investors were willing to pay an extraordinary premium for companies they believed would dominate the next generation of enterprise software. Palantir was one of those companies. Eventually, however, Wall Street stopped asking one question: "Is Palantir a great company?" Instead, it started asking another: "How much is a great company worth?"
That shift in focus changed everything. Once expectations become exceptionally high, even excellent earnings may not be enough to push the stock higher. Investors simply become less willing to pay an unlimited premium for future growth.
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Has the correction made Palantir cheap? The recent pullback has undoubtedly made Palantir more attractive than it was at its peak. Investors today are paying less for the same business. That's a positive.
But that doesn't automatically make the stock cheap. Even after the correction, Palantir still trades at a huge premium multiple -- its price-to-earnings (P/E) ratio stood at 167 as of this writing -- which is significantly higher than many of the market's other AI leaders. For instance, Nvidia trades at a P/E of around 37.
But here's the thing: A high P/E ratio doesn't necessarily mean Palantir is overvalued. It simply means investors expect Palantir to expand at hypergrowth rates over the next several years. They're paying today for profits they believe the company will generate tomorrow.
Having said that, it does mean the margin for error remains thin. If Palantir continues executing at an exceptional level, today's valuation could look reasonable. But if growth slows, investors may look back and regret paying up for the stock today.
What does it mean for investors? Palantir remains one of the most compelling enterprise AI companies in the market today. Its business continues to execute well. Commercial adoption is accelerating. And management has demonstrated that it can grow rapidly while generating meaningful profits.
The recent correction has certainly improved the investment case. But "more attractive" doesn't necessarily mean "cheap." For long-term investors, the real question isn't whether Palantir can grow. It's whether the company can grow fast enough to justify the premium investors are still willing to pay.
If you believe it can, then buying the stock today makes sense. If not, it's best to stay on the sidelines.
SummaryPalantir generated 85% revenue growth while operating expenses rose only 32%, driving 60% adjusted operating margins and 57% free cash flow margins.Stable stock-based compensation alongside rapidly growing revenue is allowing earnings and free cash flow to compound much faster than sales.Remaining performance obligations surged 134% to $4.5 billion, while 150% net dollar retention highlights expanding customer spending after deployment.Although Palantir trades near 38x forward sales, its long-term economics increasingly resemble software infrastructure rather than traditional enterprise software. South_agency/iStock via Getty Images
My earlier Palantir Technologies (PLTR) thesis was that the market mistakenly viewed AI as a threat to Palantir, whereas I believed it would become one of the key platforms enabling enterprise AI deployment. While I
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of PLTR either through stock ownership, options, or other derivatives. 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.
Palantir rozšiřuje partnerství s NVIDIA pro nasazení AI v utajovaných a odpojených vládních prostředích. Akcie byly při zveřejnění o 0,02 % výše na 133,75 USD.
Palantir Technologies stock is trading near recent lows. Where is PLTR stock headed? Palantir, NVIDIA Bring AI to U.S. Sovereign EnvironmentsThe offering combines NVIDIA’s AI platform with Palantir’s AIP, Ontology, Foundry, and Apollo products, enabling government agencies to deploy models in classified and air-gapped environments while continually improving them based on mission-specific feedback.
Palantir, Surf Air Expand SurfOSThe expanded partnership builds on the successful commercial launch of BrokerOS and a recent multi-million-dollar contract with Wheels Up to serve as the launch customer for Enterprise BrokerOS.
Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price target of $187.42. Recent analyst moves include:
DA Davidson: Upgraded to Buy (Raises Target to $175.00) (July 2) Wolfe Research: Upgraded to Peer Perform (June 16) Rosenblatt: Buy (Maintains Target to $225.00) (June 5) Palantir Shares Edge HigherPLTR Price Action: At the time of publication, Palantir shares are trading 0.02% higher at $133.75, according to data from Benzinga Pro.
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Společnost PLTR letos klesla o 36 % z historického maxima, ale tržby v 1. čtvrtletí vzrostly o 85 % na 1,6 miliardy USD a v USA o 104 %. Analytici čekají další růst a někteří zvedli cílovou cenu až na 225 USD.
Palantir stock is having a rough year as investors rotate out of software names and into memory plays like Sandisk and Micron. PLTR has fallen 36% from its all-time high last year, but despite the pullback, the company still has notable catalysts that should support stronger performance over the long term.
Palantir is a top technology company that offers its services to companies and governments globally. It largely offers three products: Gotham, Foundry, and Artificial Intelligence Platform (AIP).
Gotham, its flagship product, is used by government agencies to identify threats and deliver actionable intelligence. Foundry, on the other hand, combines data analytics and predictive modelling to help companies with supply chain management, risk forecasting, and quality assurance.
AIP, its newest product, is a product that lets customers deploy large language models (LLM) and AI agents against their own data. It also has Apollo, an orchestration engine that deploys, integrates, and manages platforms across the cloud, on-premises, and classified networks.
Palantir, a highly controversial company, has continued doing well in the past few years, helped by the robust government and corporate spending. Its annual revenue has jumped from $1.5 billion in 2021 to $4.47 billion last year.
The most recent financial statement showed that its revenue jumped by 85% in the first quarter, driven by its US business, which grew by 104%. It made $1.6 billion in Q1, more than its 2021 revenue.
This growth happened as more large companies became its customers. It closed 206 deals worth at least $1 million and 72 deals worth at least $5 million. This growth will likely continue as more companies embrace its technology. Its total contract value (TCV) during the quarter rose to over $2.41 billion.
Third-party data shows that the company’s business will continue growing. Yahoo Finance numbers show that the average estimate is that its quarterly revenue will jump by 80% to $1.8 billion. The estimate is that its annual revenue will soar by 72.4% to $7.72 billion.
Palantir has a long history of beating analyst estimates, meaning that its numbers will likely be better than estimates. As such, there is a likelihood that its annual revenue will cross the $8 billion mark this year.
This view likely explains why analysts expect its stock to do well over time. DA Davidson’s Gil Luria recently upgraded the stock from neutral to buy, with the target moving from $165 to $175. Wedbush’s Dan Ives has an outperform rating, while Rosenblatt Securities has a target of $225.
Some analysts have slashed their ratings, with Benchmark and BTIG lowering to hold and neutral, respectively. A key concern is that the company is highly overvalued, with its forward price-to-earnings (PE) ratio being 88.
Still, the company justifies its valuation metrics by pointing to the Rule-of-40 metric, which stands at 145%. This metric is calculated by adding a company’s revenue growth and its profit margins.
PLTR stock chart | Source: TradingView
The weekly chart shows that the PLTR stock has slumped in the past few months and bottomed at $106, which coincided with the 50% Fibonacci Retracement level. This retracement connects its lowest level in 2022 and its all-time high.
The stock also formed a falling wedge pattern, which is formed by two descending and converging trendlines. It also settled at the 100 moving average.
Therefore, the stock will likely bounce back, potentially to $160, the 23.6% Fibonacci Retracement level.
Palantir v 1. čtvrtletí 2026 zvýšil tržby o 85 %, v USA v komerční části o 133 %, a dosáhl 60% upravené provozní marže. Firma tak spojuje rychlý růst se ziskovostí.
Key Takeaways PLTR's Ontology organizes enterprise data into an operational framework that becomes more valuable over time.Palantir delivered 85% revenue growth, 133% U.S. commercial growth and a 60% adjusted operating margin.PLTR combines rapid growth and profitability, distinguishing it from AI software peers. Palantir (PLTR - Free Report) is increasingly distinguishing itself through an advantage that extends well beyond artificial intelligence models. At the heart of its platform is the Ontology, which organizes enterprise data into a connected operational framework that customers can continuously build upon.
Years of deployments across hundreds of organizations have created deeply integrated systems that are difficult and time-consuming to replace. This accumulated implementation expertise, strengthened by Palantir’s forward-deployed engineering model and long-standing government security credentials, makes the platform more valuable with every deployment.
Unlike AI developers that primarily compete on models, Palantir monetizes the operational layer where AI is applied, allowing its software to retain value even as foundation models become increasingly commoditized.
Palantir vs. AI Software PeersPLTR’s competitive strengths are reflected in its financial performance. The company delivered 85% revenue growth in the first quarter of 2026, including an exceptional 133% increase in U.S. commercial revenues, while generating a 60% adjusted operating margin and a 53% GAAP net margin. Even leading AI software companies like Datadog (DDOG - Free Report) and Snowflake (SNOW - Free Report) struggle to match this combination of rapid expansion and profitability.
While DDOG and SNOW continue to benefit from AI demand, their growth rates remain significantly lower. By combining a durable software foundation with industry-specific expertise and superior execution, Palantir continues to separate itself from DDOG, SNOW and traditional enterprise software competitors.
PLTR’s Price Performance & EstimatesThe stock has declined 27% year to date compared with the industry’s 5% fall.
Image Source: Zacks Investment Research
From a valuation standpoint, PLTR trades at a forward price-to-sales ratio of 33.13X, well above the industry’s 4.08X. It carries a Value Score of F.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for PLTR’s 2026 earnings declined over the past 60 days.
Image Source: Zacks Investment Research
PLTR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Satya Nadella tvrdí, že u AI musí firmy držet data pod vlastní kontrolou; Microsoft to už promítá do produktů jako Agent 365. Firma zároveň uvedla, že její roční běžné tržby z AI přesáhly 37 miliard USD, meziročně o 123 %.
Microsoft (NASDAQ:MSFT | MSFT Price Prediction) CEO Satya Nadella published an X essay titled “The Reverse Information Paradox” that has become one of the most-discussed pieces of AI strategy writing of the year. His argument reframes what enterprises buy when adopting frontier AI and points investors toward companies that help customers keep data inside their own walls.
Nadella starts with economist Kenneth Arrow’s classic Information Paradox: a seller of knowledge risks giving it away by describing what’s for sale. He argues AI inverts that setup: the buyer now pays twice, once in dollars and again in the proprietary know-how they must reveal to make a model useful. Prompts, tool calls, corrections, and evals become training exhaust that leaks institutional expertise to whoever owns the learning infrastructure.
His prescription is a hard enterprise trust boundary, with customers owning their data, traces, evals, adapted weights, and memory. The framework he offers runs on five words: Control, Capability, Choice, Cost, and Compound, with the orchestration layer decoupled from any single model. That’s a clear invitation to look at Microsoft, Palantir Technologies (NASDAQ:PLTR), and Snowflake (NYSE:SNOW).
Microsoft: Selling the Shovels and the Fence Microsoft stock has struggled in 2026 and is down 19% year to date (YTD), with shares recently at $392.68. Yet, the underlying AI business keeps scaling: Nadella disclosed that Microsoft’s AI annual revenue run rate surpassed $37 billion, up 123% year over year, with commercial remaining performance obligations of $627 billion.
On Microsoft’s Q3 FY2026 call, Nadella described Agent 365 as “a control plane that extends companies’ existing governance, identity, security, and management frameworks to agents.” That’s the same trust-boundary language from the X essay, productized. Microsoft plans roughly $190 billion in calendar 2026 CapEx.
Investors can note the tension: Nadella benefits from framing the trade this way. Microsoft’s deep OpenAI partnership also means it sits on the other side of this critique.
Palantir: Owning the Means of Production Nadella explicitly quotes Palantir CEO Alex Karp in the essay: “What the technical customers want is control over their compute, their models, their data stack, and their alpha. They want to know they own the means of production, and it’s not being transferred to someone else.” Palantir’s AIP is built around that pitch: keep the customer’s data, ontology, and workflows inside the customer’s boundary.
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The numbers back the momentum. Palantir Technologies’ Q1 FY2026 revenue grew 85% year over year to $1.63 billion, U.S. commercial revenue jumped 133%, and the Rule of 40 score hit 145%. Palantir stock is down 29% YTD, so the valuation reset has been sharp even as fundamentals accelerate.
Snowflake: The Governed Data Layer Snowflake positions itself as the neutral data foundation enterprises can build agents on without shipping context to a model vendor. On the Q1 FY2027 call, Snowflake CEO Sridhar Ramaswamy stated that “With Cortex Code and Snowflake Intelligence, we are extending from the trusted foundation for enterprise data and context to become the control plane for the Agentic Enterprise.”
The uptake looks real. Snowflake’s product revenue rose 34% year over year to $1.33 billion, net revenue retention held at 126%, and 13,600+ accounts now use Snowflake AI capabilities. Snowflake shares are up 24% YTD, making it the standout performer of the three stocks.
How to Position Around the Thesis Nadella’s essay is both intellectually serious and, most likely, commercially motivated. His argument that value should accrue to knowledge creators rather than infrastructure owners is compelling and neatly describes products Microsoft already sells.
For investors drawn to the data-sovereignty theme, Microsoft stock offers scale and cash flow, Palantir stock offers the purest operational-AI expression, and Snowflake stock offers the governance layer beneath both. All three carry rich multiples relative to broader software, so this is a positioning call rather than a valuation bargain.
Investors could watch upcoming earnings from all three names for confirmation that agentic workloads keep compounding. The next Microsoft earnings report may show whether the “reverse paradox” framing is turning into billable revenue or remains a well-crafted narrative.
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Jim Cramer walked onto CNBC’s Mad Dash last week on Wednesday morning and turned on a company he has championed for years. The target was Palantir (NASDAQ:PLTR | PLTR Price Prediction), a stock he has repeatedly told viewers to own through every valuation panic since the AI trade caught fire. His complaint was about a company-produced NFT video that Palantir made, posted, and then quietly pulled. Cramer wants management to disavow it publicly before market close.
What Cramer Said Cramer opened by re-anchoring his bull case. “I’ve been a big supporter, Palantir, mostly because of what it does in real business, which is really help organizations get their act together,” he said. Then came the pivot. Reacting to a Financial Times piece examining Palantir’s political alignment with Republicans, Cramer zeroed in on the NFT video itself, calling it “one of the most frightening things I’ve seen” and describing it as “a Punisher-like video… on the site of the company made itself, which is subsequently pulled, that I found very disturbing.”
The line that will get replayed all day is his interpretation of the imagery. “It’s basically saying, listen, we’re Satan. Look out!” Cramer said. From a host who has spent two years defending Alex Karp’s leadership and Palantir’s growth story, that is a genuine break.
Why Reputational Risk Matters for a Stock Like Palantir Palantir sells Gotham, Foundry, and AIP to defense agencies, hospital systems, and Fortune 500 boards that require multi-year procurement cycles and internal champions willing to stake their reputations on the vendor choice. The fundamentals have been extraordinary. Q1 2026 revenue landed at $1.63 billion, up 84.7% year over year, with U.S. commercial revenue up 133% to $595 million, and management raised full-year guidance to roughly 71% growth (see the Q1 2026 press release filed with the SEC).
That is the growth profile of a company whose customers are still saying yes. Cramer’s warning is about the second derivative. “A board member might say… maybe we can’t use Palantir because… it shouldn’t be doing these kinds of videos,” he said. Enterprise procurement runs on soft signals as much as on software demos, and a single risk committee memo citing brand-safety concerns can freeze a nine-figure pipeline for a quarter.
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The stock is already wobbling. Palantir is down 3.6% in the past five trading sessions and off 23% year to date. At a trailing P/E of 144x and a price-to-sales ratio above 60x, this is a stock priced for perfect execution on both the product and narrative fronts.
What Palantir Did Cramer’s prescription was unusually direct. “They have to distance themselves from this. They have to do it today,” he said. A quiet takedown is not enough when a Financial Times feature is already in circulation, and CNBC’s most-watched personality is telling his audience the imagery evokes Satan.
Palantir indeed removed that video after Cramer’s warning.
The Palantir bull case has always rested on hard product wins and a founder-led mystique that made customers feel they were joining a movement. Movements attract iconography, and iconography can go wrong. The video did not spiral into a bigger deal due to its quick removal.
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Alex Karp z Palantiru kritizoval tokenový model OpenAI a Anthropic a tvrdil, že firmy chtějí spíš kontrolu nad výpočetním výkonem, modely i daty. Akcie Palantiru ten den vzrostly o 8 %.
Palantir CEO Alex Karp used a July 1 appearance on CNBC’s Squawk Box to criticize the closed-model AI economy. He told viewers that when it comes to OpenAI and Anthropic, all is not well inside the AI boom. “I’m not throwing shade at them, but something has gone completely wrong.” Shares of Palantir (NASDAQ:PLTR | PLTR Price Prediction) rose 8% that day as Karp reframed the AI debate around token economics and data ownership.
The Quote That Moved the Stock Karp’s argument was that businesses are exhausted by paying for tokens. As he put it: “The basic view among enterprises in this country is I’m going to chillax and waste my time with tokens.” According to CNBC’s Samantha Subin, Karp took aim at the token model used by OpenAI and Anthropic as AI costs skyrocket. He further argued customers are shifting away from “tokenmaxxing” toward ROI and open-weight models that deliver similar work at a fraction of the cost.
Ahead of the interview, Palantir posted a 9-point “AI sovereignty” manifesto on X. Earlier that week, the company expanded its partnership with Nvidia (Nasdaq: NVDA) to build custom models for U.S. government agencies. Karp’s framing of that alliance was revealing: “What aligns me with Nvidia, and I think is what the technical customers want, which is control over their compute, their models, their data stack and their alpha. They want to know they own the means of production. It’s not being transferred to someone else.”
The Numbers Backing the Swagger Karp speaks from strength. Palantir’s Q1 FY2026 report showed record revenue of $1.63 billion, up 84.7% year over year, the highest growth rate in company history. U.S. commercial revenue jumped 133% to $595 million, and adjusted operating margin expanded to 60% from 44%. Karp put it this way on the call: “Palantir’s Rule of 40 score has soared to 145%. We have shattered the metric, a feat matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK hynix.” Management raised annual revenue guidance to 71% growth, 10 points ahead of the prior quarter’s forecast. Shares of NVIDIA (NASDAQ:NVDA), Karp’s partner in the sovereignty pitch, are up 13.1% year to date.
Token-cost fatigue is showing across businesses: Uber (NYSE:UBER) has reportedly capped employee spending at $1,500 per month for each agentic coding tool, including Claude Code and Cursor, after blowing through its AI budget in four months. For readers tracking the picks-and-shovels layer of this shift, our team’s AI infrastructure research maps the suppliers benefiting most.
The Disconnect and the Bear Case Palantir shares closed at $126.79 on July 10. The stock is down 28.67% year to date, even as operations accelerate. The stock trades at a forward P/E near 91, and Michael Burry’s Scion Asset Management disclosed a new put position tied to 5,000,000 Palantir shares in its Q3 2025 13F filed November 3, 2025, an underlying notional of about $912 million. 13Fs don’t disclose strikes, expirations, or whether the position is still open.
What to watch: whether the “own the means of production” pitch keeps pulling U.S. commercial customers. Palantir’s U.S. commercial remaining deal value (RDV), a measure of contracted business still left to recognize, reached $4.92 billion in the latest quarter, up 112% from a year earlier.
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Palantir vykázal v USA ve 1. čtvrtletí 2026 tržby ve výši 1,3 miliardy USD, což je meziročně o 104 % více. Růst se zrychlil z 55 % ve 1. čtvrtletí 2025.
Key Takeaways PLTR generated $1.3 billion in U.S. revenues during the first quarter of 2026, marking a 104% Y/Y increase.U.S. revenue growth accelerated from 55% in Q1 2025 to 104% in Q1 2026, highlighting strengthening demand.The sustained acceleration reflects rising adoption of Palantir's software. Palantir (PLTR - Free Report) continues to produce impressive financial results, but one metric deserves more attention than any other: U.S. revenue growth.
The company generated $1.3 billion in U.S. revenues during the first quarter of 2026, more than doubling from the year-ago quarter with a 104% increase. Delivering triple-digit growth at Palantir's current scale demonstrates that demand for its Artificial Intelligence Platform (AIP), Gotham and Foundry remains exceptionally strong.
Even more encouraging is the consistent acceleration in this metric. U.S. revenue growth improved from 55% in the first quarter of 2025 to 68% in the second quarter, 77% in the third quarter, 93% in the fourth quarter, and 104% in the first quarter of 2026. Rather than slowing as the business expands, Palantir continues to gain momentum, driven by growing adoption across both public-sector and commercial customers.
Although investors often focus on profitability, valuation, operating margins and cash flow, Palantir's U.S. revenue trajectory may be the clearest indicator of its competitive strength. Sustained triple-digit growth in its largest market suggests the company is still capturing market share and that customer demand remains far from saturated.
As long as Palantir continues delivering robust growth in its U.S. operations, the company is likely to remain one of the most compelling long-term growth stories in enterprise software.
What's Fueling Palantir's U.S. Momentum?Several structural trends are driving the company's remarkable domestic growth.
Artificial Intelligence adoption remains the biggest catalyst. Organizations are increasingly deploying AI across mission-critical workflows, creating strong demand for Palantir's AIP platform, which enables customers to operationalize large language models while integrating them with enterprise data and existing business processes.
The commercial business has become another major growth engine. More private-sector companies are adopting Palantir's software to improve decision-making, automate operations and enhance productivity, resulting in a rapidly expanding customer base.
At the same time, government demand remains robust. Palantir continues to deepen its relationships with U.S. defense, intelligence and civilian agencies, benefiting from rising investments in AI-enabled national security, defense modernization and data analytics.
The combination of expanding government contracts and accelerating commercial adoption has created a powerful growth flywheel that continues to lift overall U.S. revenues.
Peer ComparisonTwo of Palantir's most prominent AI software peers are Snowflake (SNOW - Free Report) and MongoDB (MDB - Free Report) , both of which are benefiting from enterprise AI adoption, albeit through different business models.
Snowflake continues to expand its AI-powered cloud data platform, helping enterprises consolidate, manage and analyze large volumes of data. As companies invest more heavily in generative AI, demand for AI-ready data infrastructure should continue supporting Snowflake's long-term growth.
MongoDB is strengthening its position in AI-driven application development through its flexible developer data platform. The company enables enterprises to build scalable, modern applications capable of supporting increasingly sophisticated AI workloads, positioning it to benefit from ongoing software modernization initiatives.
While all three companies are capitalizing on the AI revolution, Palantir currently stands apart because of the extraordinary acceleration in its U.S. business. The company's ability to more than double domestic revenues while simultaneously increasing its growth rate underscores the strength of customer demand and reinforces its leadership position in the rapidly evolving AI software landscape.
PLTR’s Price Performance & EstimatesThe stock has declined 27.5% year to date compared with the industry’s 6.5% fall.
Image Source: Zacks Investment Research
From a valuation standpoint, PLTR trades at a forward price-to-sales ratio of 33X, well above the industry’s 3.98X. It carries a Value Score of F.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for PLTR’s 2026 earnings has declined over the past 60 days.
PLTR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Rebound Capital varuje, že Palantir je stále drahý a při ceně kolem 130 USD se obchoduje asi za 80násobek očekávaného zisku na příštích 12 měsíců. Firma říká, že ho stále nekoupí.
The firm explicitly stated, “we still won’t buy it”, cautioning that the recent market dip masks a structural trap driven by unsustainable “nosebleed valuations” and new competition from Big Tech.
Inside the Valuation TrapPalantir’s heavy correction from its November 2025 peak of ~$207 down to a late-June low of $106 has caught the attention of growth investors looking for a discount.
However, Rebound Capital argues that at the current price of ~$130, the stock remains incredibly expensive, trading at an estimated 80x next-twelve-month forward earnings.
Furthermore, the firm highlights that Palantir structurally behaves more like a high-touch consulting firm than a traditional software business, yet it commands a premium software multiple.
Rebound Capital notes that a significant portion of forward-deployed engineering costs is classified under R&D and sales expenses rather than cost of revenue. Reclassifying these service costs would cause their high gross margins to fall materially.
Big Tech Mimics the MoatPalantir’s primary competitive advantage—its “forward deployed engineering” model—is facing unprecedented replication at scale.
Additionally, foundation model labs like OpenAI and Anthropic are cutting out the middleman by running their own deployment arms.
Geopolitical Sovereignty CeilingsCompounding the domestic valuation pressures are significant international headwinds. Palantir’s international commercial revenue grew a mere 2% in the fiscal year 2025 due to severe data sovereignty concerns in Europe under the US CLOUD Act.
In June 2026, France announced it would migrate from Palantir to domestic firm ChapsVision to eliminate “strategic dependencies,” adding to a growing list of rejections from Swiss and German authorities.
How Has Palantir Performed In 2026?Palantir shares were down 27.40% year-to-date, down 2.29% over the last month, and higher by 9.84% over the year. It closed 2.41% lower at $129.04 per share on Thursday and was also up 0.74% in the premarket on Friday.
Benzinga’s Edge Stock Rankings indicate that PLTR maintains a weak price trend in the short, medium, and long terms, with a good growth score.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Palantir v 1. čtvrtletí meziročně zvýšil tržby o 85 % a provozní marže vzrostla na 60 %. Wall Street má cílovou cenu 200 USD, asi o 54 % nad aktuální cenou.
Palantir Technologies (PLTR 2.47%) was a retail investor darling in 2023, 2024, and 2025. The stock soared 2,670% during that period, despite Wall Street analysts suggesting the price was already too high for most of it. But the stock has taken a tumble since the end of 2025, dropping roughly 37% from its November 2025 all-time high amid the broader software-as-a-service (SaaS) stock sell-off.
Meanwhile, analysts have begun to take a fresh look at the company as it continues to deliver phenomenal revenue growth and earnings. In fact, despite a recent rally in the stock, the average Wall Street price target is significantly above the current price.
Image source: Getty Images.
How high can Palantir climb? Palantir continues to defy expectations with its revenue growth and improving profitability. Revenue accelerated once again in the first quarter, with its top-line climbing 85% year over year in the first quarter. It's showing particular strength in its U.S. business, and its backlog of remaining deal value shows strong momentum and a long runway for continue revenue growth. Overall, adjusted operating margin expanded to 60%. Management also raised its full-year guidance along with those earnings results.
The software business should continue to produce very strong operating leverage. Its research and development expenses fell to less than 10% of revenue in the first quarter. Meanwhile, the company has taken a strategic approach to sales, letting the software speak for itself for the most part. It has recently turned to boot camps to show companies and their employees how to use Palantir's software to improve operations, a move that has been extremely effective in driving customer acquisition.
Palantir seemingly has no equal to compare its software against. The threat of AI labs supplanting existing enterprise software at a lower cost seems even less likely for Palantir than for more basic software solutions. The core of Palantir is its ontology framework, which enables users to find meaningful connections between disparate data sets. The artificial intelligence built into Palantir's platform isn't easily replicated. As a result, Palantir should see high revenue retention rates.
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Execution and growth have never been a problem for Palantir. The biggest concern with the stock has always been its valuation. After the sell-off, the stock trades at 43 times next year's sales expectations and 93 times forward earnings. That's a huge premium over the market. Nonetheless, analysts think it's too cheap.
The median price target for Palantir stock on Wall Street is $200 per share. That price is roughly 54% above the stock's current price as of this writing. And if it reaches that price within 12 months, the stock would trade at roughly the same forward P/E as today, based on analysts' estimates. That suggests Wall Street sees a lot more growth to come for the business.
While management has produced excellent results over the last few years, there's only so long revenue and earnings can accelerate. When the slowdown arrives, the stock could take a hit. Whether you should buy Palantir today depends on whether you think the company can continue to efficiently attract new customers and expand its market at scale.
Rackspace Technology a Palantir představují rámec pro provoz AI v regulovaných firmách, který má pomoci bezpečně nasadit AI do produkce. Rackspace uvádí, že má už zhruba 400 certifikací Palantir.
SAN ANTONIO and MIAMI, July 09, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, and Palantir Technologies Inc. (NASDAQ: PLTR) today announced an operating model framework to help regulated and sovereign enterprises own and operate AI in production. The framework, delivered through Rackspace, combines Palantir Foundry and AIP with Rackspace’s governed private cloud, sovereign cloud, on-prem infrastructure, certified FDEs, and managed operations for customers that require control over data, security, governance, deployment location, and operational outcomes.
The framework is built for markets such as healthcare systems protecting patient records, financial institutions running on regulated data, energy operators with air-gapped infrastructure, and sovereign organizations that cannot move data across borders. For these customers, AI deployment is guided by a few fundamental, non-negotiable questions: Who owns the data? Where should the data live? And can their models be used to build someone else's business? For these customers, where governance, compliance, and security are non-negotiable, AI in production calls for both a platform and a governed operator. Palantir provides the AI operating layer; Rackspace provides the infrastructure, certified engineers, and managed operations to run that layer where the customer’s mission, data, and obligations live.
"While most regulated enterprises have an AI strategy, they often lack the operating model to put AI into production safely and at scale. This effort by Rackspace closes that gap," said Gajen Kandiah, Chief Executive Officer of Rackspace Technology. "Rackspace brings the governed infrastructure, the Palantir-certified engineers, the managed operations, and the accountability for outcomes in the environments where our customers actually live. This is deploy and operate, not deploy and leave. This is how organizations with the most demanding requirements move AI into production at scale."
“Sovereign AI requires more than access to a model. It requires an operating layer that lets enterprises govern data, enforce permissions, route models, audit actions, and deploy capability where the mission lives,” said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies. “This framework brings Palantir Foundry and AIP together with Rackspace’s infrastructure and delivery capabilities for mission-critical environments.”
Since the companies’ initial February 2026 announcement, the partnership has built measurable momentum. Rackspace has scaled to approximately 400 Palantir certifications across sales, engineering, delivery, and operations, including a large global cohort of Palantir-certified forward deployed engineers (FDEs) to serve demand across healthcare, financial services, energy, and mid-market. The first joint deployment closed in <2 months with Rackspace FDEs deploying AI-enabled workflows on Palantir Foundry inside a U.S.-based solar tracking manufacturer to deliver a 94% reduction in their quote cycle time.
Rackspace is also committing to deploy Foundry and AIP across more than 70% of its own back-office operations under the Rackspace OneOS program. In doing so, Rackspace runs its own business on the same governed stack it operates for customers, retaining full control of its data and models rather than ceding them to a third party.
Under the framework, Rackspace serves as a preferred operator for on-premise, private cloud, and sovereign Palantir deployments across critical infrastructure in both the public and private sectors, and for enterprises that demand the same control governments require – with Palantir Foundry and AIP as the data + AI platform layer of the governed enterprise AI stack that Rackspace has been assembling throughout 2026. The two companies will work together to acquire and serve customers in healthcare, financial services, energy, private equity, and the mid-market. The collaboration also aims to stand up large-scale private cloud and sovereign deployments, where Rackspace and Palantir FDEs work side by side inside customer environments. Across these motions, Rackspace will provide the governed infrastructure, certified forward-deployed engineers, and managed operations that take Palantir Foundry and AIP into production. The result is a new category of partnership and operating model delivered by Rackspace designed for regulated enterprises to deploy AI in production.
To learn more visit: https://www.rackspace.com/enterprise-ai/partners/palantir
About Rackspace Technology
Rackspace Technology® (NASDAQ: RXT) is the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and mission-critical industries where governance, sovereignty, and uptime are non-negotiable. Learn more at www.rackspace.com.
About Palantir Technologies
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. These statements may relate to, but are not limited to, the parties’ expectations regarding the amount and the terms of the contract and the expected benefits of Palantir's software platforms and Rackspace’s governed infrastructure and delivery capabilities. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond the parties’ control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir's platforms and Rackspace’s governed infrastructure and delivery capabilities to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir's platforms’ reliability; and customers' ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir and Rackspace make with the Securities and Exchange Commission from time to time. Except as required by law, Palantir and Rackspace do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Shares of Palantir Technologies (PLTR 1.57%) got pummeled during the first six months of 2026, with shares plunging 34%, according to data provided by S&P Global Market Intelligence. That's a far cry from the 10% gains of the S&P 500.
Artificial intelligence (AI) stocks have been taking a breather over the past year as investors have grown more discriminating, casting a wary eye on stocks with frothy valuations and looking for the "next big thing." However, Palantir's stellar results and its lower stock price have combined to bring its valuation back to Earth, making the price more reasonable than it's been in some time.
Is the worst over? Let's take a look.
Image source: Getty Images.
The numbers paint a compelling picture Since the start of this year, Palantir has delivered two quarterly financial reports, and each has been better than the last.
For the fourth quarter -- which was reported in early February -- Palantir delivered record revenue that surged 70% year over year and 19% quarter over quarter to $1.4 billion. This marked the 10th successive quarter of accelerating growth. This drove adjusted earnings per share (EPS) of $0.25.
Driving the results was demand for the company's Artificial Intelligence Platform (AIP). U.S. government revenue of $507 million climbed 66% to $570 million, while U.S. commercial revenue -- which includes AIP -- soared 137% to $507 million. Perhaps more telling was Palantir's remaining performance obligation (RPO), commonly called backlog, which surged 143% to $4.21 billion. This shows the company is building a solid foundation for the future.
Palantir's first-quarter results, reported in May, were even better. Revenue jumped 85% year over year to $1.63 billion -- marking the company's highest-ever year-over-year growth rate. This fueled adjusted EPS that surged 154% to $0.33.
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While U.S. government revenue grew an impressive 84% year over year, U.S. commercial revenue flew even higher, soaring 133% year over year, as demand for AIP continued to lead the way. At the same time, its RPO jumped 134%. Its Rule of 40 score, which illustrates the balance between the company's strong growth and increasing profitability, reached rarified territory of 145% -- when any number above 40% is considered healthy.
Not only is Palantir attracting new customers, but is also expanding its relationships with existing users, as evidenced by its net dollar retention rate of 150%. Put another way, existing customers spent 50% more, on average, in Q1 than in the year-ago quarter.
Investors have been watching closely over the past year, concerned that AI adoption had peaked, but the evidence clearly suggests otherwise. Palantir increased its full-year 2026 financial guidance and is now anticipating 71% revenue growth, up from its earlier forecast of 61% issued earlier this year.
To the untrained eye, the stock appears somewhat pricey, selling for 149 times earnings -- but that doesn't account for Palantir's accelerating high-double-digit growth. Using the more appropriate price/earnings-to-growth (PEG) ratio -- which factors in the company's phenomenal growth rate -- returns a multiple of 0.52, when any number less than 1 signals an undervalued stock.
Taken together, Palantir's stellar track record, accelerating growth, and moderating valuation make the case that the stock is a buy.
Palantir má tržní kapitalizaci přes 300 miliard USD a ve 1. čtvrtletí 2026 zvýšil tržby meziročně o téměř 85 % na 1,632 miliardy USD. Firma zároveň zvedla celoroční výhled tržeb na 7,650 až 7,662 miliardy USD.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) now carries a market capitalization of a little more than $300 billion as of July 3, 2026, which has taken many investors on a nice ride, given the company’s the software-with-a-defense-flavor story. Palantir is now arguing for a seat inside the mega-cap conversation, alongside the AI infrastructure names its own CEO likes to invoke.
What It Means A valuation this size implies specific operational realities, and Palantir’s Q1 2026 filing supplies them. Revenue reached $1.632 billion this past quarter, growing nearly 85% year over year. That’s the highest reported growth rate in the company’s history as a public company. Additionally, the engine of the company (U.S. revenue) climbed 104% year over year to $1.282 billion, crossing 100% growth for the first time since the direct listing. U.S. commercial revenue rose 133% year over year to $595 million.
It’s not only a revenue story. In fact, Palantir’s profitability has closely correlated with its revenue growth. This past quarter, GAAP operating income landed at $754 million, up 328.29% from a year earlier, with the company posting a 46% operating margin. Adjusted operating margin expanded to 60% from 44% a year earlier, and free cash flow reached $924.63 million, up 204.08%. The Rule of 40 score hit 145%, a level the CEO framed as company territory shared only with NVIDIA (NASDAQ:NVDA), Micron (NASDAQ:MU) and SK hynix.
As a result of these numbers, Palantir raised its guidance considerably. The company now guides for full-year 2026 revenue between $7.650 billion to $7.662 billion, which amounts to roughly 71% year over year growth. That’s impressive, because this is 10 percentage points above the prior quarter’s outlook. U.S. commercial guidance is in excess of $3.224 billion, calling for at least 120% growth.
Market Reaction The stock has not tracked the fundamentals in a straight line. PLTR closed at $129.30 on July 2, 2026, versus $177.75 to start the year, a 27.26% year to date decline. The stock’s one-month change is -15.03%, so clearly momentum has flipped hard in the last week. That said, over five years, Palantir stock is still up 429.05%.
Bull Case The case for long-term holders leans on three facts, all in the filing. First, the business is doubling in the U.S. with expanding, not compressing, margins. Growth of 104% year over year in the U.S. paired with a 60% adjusted operating margin is the profile investors typically pay up to own.
Second, the backlog validates the growth rate. Total remaining deal value reached $11.8 billion, up 98% year over year. Remaining performance obligations climbed to $4.5 billion, up 134% year over year, with net dollar retention hit 150%. This was driven by the fact that Palantir closed 206 deals of $1 million or more and 47 deals of $10 million or more in the quarter.
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Third, cash generation is real and rising. Operating cash flow reached $899.17 million in the quarter, and the balance sheet holds $8 billion in cash, equivalents, and short-term U.S. Treasuries. As CEO Alex Karp put it on the Q1 call, “Our free cash flow this quarter is larger than our revenue a year ago in the same quarter.” Full-year adjusted free cash flow guidance is $4.2 billion to $4.4 billion.
Prediction market participants have started to reflect the shift. Polymarket assigns a 70.5% probability to PLTR hitting $138 in July, with 47.5% for $144 and 32.5% for $150. Sub-$100 outcomes carry 10.5% or less.
Bottom Line For retirement-focused holders, the story is the combination of an 84.71% growth rate, a 60% adjusted operating margin, and a raised full-year outlook calling for 71% growth, layered onto a $296.88 billion market cap.
Certainly, Palantir’s valuation remains rich, with a forward P/E near 80 and a price to sales ratio of 53.54, and the filing lists real risks. Those can best be described as long sales cycles, contracts terminable for convenience, and $201.6 million in quarterly stock-based compensation.
The next test is the company’s upcoming Q2 2026 report, where management has guided revenue of $1.797 billion to $1.801 billion. If Palantir’s U.S. commercial engine holds triple-digit growth into a second consecutive quarter, the $100 billion narrative stops being a narrative.
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Palantir oznámil novou dohodu s GNP Seguros, největší pojišťovnou v Mexiku, a získal tak prvního veřejně oznámeného komerčního zákazníka v Latinské Americe. Akcie v úterý stouply o 1,4 %.
One perceived weakness of Palantir's (PLTR +1.54%) business is that it was too concentrated in its native U.S. On the company's Tuesday announcement of a major new deal abroad, those worries abated somewhat. Grateful investors pushed the company's stock 1.4% higher, in a trading session that saw the S&P 500 index slump by 0.5%.
South of the border Well before market open that day, Palantir reported that it had agreed to an "enterprise expansion agreement" with Mexico's largest insurance company, GNP Seguros. This is a historic win for the American data analytics company, as its new client is its first publicly announced commercial customer in Latin America.
Image source: Getty Images.
Palantir typically operates in phases; its initial work with a client is often an unannounced, under-the-radar pilot phase.
Palantir and GNP Seguros had actually been collaborating prior to Tuesday's announcement, with the insurer putting the company's Foundry and Artificial Intelligence (AI) Platform through its paces in a set of targeted deployments. These aided the company in various aspects of its health, auto, life, and damage insurance lines.
Palantir did not provide the financial details of the arrangement.
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New revenue streams always welcome In its press release divulging its work with GNP Seguros, Palantir wrote that its "value proposition lies in the fact that this technological acceleration is carried out while always preserving human judgment, model explainability, data traceability, and strict governance.'
Given that the company's offerings are starting to resonate more with important clients abroad, it's clearly plowing another row for growth. Investors were right, in my opinion, to view the GNP Seguros news bullishly.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.
Trumpův návrh rozpočtu na obranu pro fiskální rok 2027 počítá s 54,6 miliardy USD pro DAWG, což je meziročně zhruba o 24 000 % více a víc než rozpočet námořní pěchoty. Většina peněz míří do výzkumu a vývoje autonomních zbraní a dronů.
Buried inside President Trump’s Fiscal Year 2027 defense budget request sits a line item that dwarfs almost every other increase in the document. The Defense Autonomous Warfare Group (DAWG), a Pentagon office that stood up quietly late last year with an initial budget of roughly $225 to $226 million, is slated to receive $54.6 billion in FY2027. That works out to a roughly 24,000% year-over-year increase, or approximately 243x its prior year budget. The DAWG allocation now exceeds the entire Marine Corps budget request of $52.8 billion and represents nearly 15% of the entire $350 billion reconciliation package. Most investors have never heard of the program.
What DAWG Actually Is The Defense Autonomous Warfare Group is a newly created Pentagon organization designed to unify all US military drone and autonomous weapons programs under a single command structure. It absorbs and supersedes the Biden-era Replicator initiative, which aimed to field hundreds of thousands of one-way attack drones but ran into supply chain bottlenecks. Internal documents reportedly indicate intent to eventually elevate DAWG into a unified combatant command, effectively making it a new branch of the US military. Crucially, most of the $54.6 billion is directed toward research and development. This is a technology race.
Total drone and counter-drone spending in the FY2027 request reaches approximately $74 to $75 billion, tripling FY2026 spending levels. The Department of War’s own overview earmarks $53.6 billion for autonomous systems procurement, domestic production capability, and advanced capabilities, alongside $14.4 billion for counter-unmanned systems across 250+ sites. The budget was drawn up before Operation Epic Fury (the Iran war beginning February 28, 2026), meaning the ramp reflects long-term strategic competition with China.
The $1.5 Trillion Envelope President Trump has framed the broader ask directly: “our Military Budget for the year 2027 should not be $1 Trillion Dollars, but rather $1.5 Trillion Dollars.” That is a 42% increase over FY2026, the largest year-over-year defense spending increase in the post-WWII era. It includes $17.5 billion for Golden Dome missile defense, $65.8 billion in the Shipbuilding and Conversion, Navy appropriation supporting 18 battle force ships, and $102 billion for aircraft procurement and R&D. Against the S&P 500’s 10.17% year-to-date gain, defense names have lagged, creating a valuation gap versus fundamentals.
1. Kratos Defense & Security Solutions (KTOS) Kratos Defense & Security Solutions (NASDAQ:KTOS) is the most direct pure-play on DAWG. Its Valkyrie CCA drone and solid rocket motor lines drove Q1 FY26 revenue of $371.0M, up 22.6% year over year, with Unmanned Systems posting 30.9% organic growth and a 1.6x book-to-bill. CEO Eric DeMarco cited a “generational recapitalization of the U.S. defense industrial base underway.” Shares are down 29.47% year to date, and insider selling has been persistent.
2. AeroVironment (AVAV) AeroVironment (NASDAQ:AVAV | AVAV Price Prediction) is the leading US manufacturer of small and medium military drones, with Switchblade loitering munitions and Puma reconnaissance systems in the field. Q4 FY26 revenue of $1.977 billion trailing twelve months came alongside FY26 record bookings of $2.7B and a 1.4x book-to-bill. CEO Wahid Nawabi flagged “rising global demand across lethal and non-lethal drones, counter-UAS, space and advanced technologies.” Shares are down 26.89% year to date, with an analyst target price of $258.61.
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3. Palantir Technologies (PLTR) Palantir Technologies (NASDAQ:PLTR) supplies the AI decision layer for autonomous warfare. The DoW budget specifies $2.3 billion for the Maven Smart System (MSS) and Joint Fires Network, plus $46.0 billion for a multi-year sovereign AI Arsenal. Q1 2026 revenue grew 84.7% year over year, with US Government revenue up 84% to $687 million. The stock trades at 88x forward earnings, a premium that leaves little room for execution slips.
4. Northrop Grumman (NOC) Northrop Grumman (NYSE:NOC) is the broadest beneficiary across the request. Q1 2026 revenue of $9.88 billion grew 4.4%, with Aeronautics Systems swinging to operating income of $305 million on B-21 production expansion. Backlog stands at $95.61 billion. CEO Kathy Warden pointed to an “unprecedented global demand environment.” Northrop selected the Kratos Valkyrie as its CCA aircraft for MUX TACAIR, tying it into the DAWG portfolio. It pays a 1.68% dividend yield.
5. Huntington Ingalls Industries (HII) Huntington Ingalls Industries (NYSE:HII) is the pure-play on the shipbuilding line. Q1 2026 revenue of $3.10 billion grew 13.3%, led by Newport News Shipbuilding at $1.665 billion, up 19.3%. Backlog is $54 billion. CEO Chris Kastner noted “Shipbuilding throughput has continued to improve with meaningful year over year growth.” As sole prime for nuclear-powered carriers and one of two Virginia-class submarine builders, HII is structurally levered to the 18 battle force ships in the request.
The Critical Caveat The president’s annual budget is only a proposal, and Congress is free to reject it. Senate Budget Committee chair Sen. Lindsey Graham has already expressed skepticism about the $350 billion reconciliation portion, and Sen. Mitch McConnell called for “regular order appropriations” rather than reconciliation funding. The DAWG allocation is almost entirely R&D spending, so technology payoffs are measured in years or decades, not quarters. Independent analyses suggest the broader package could add $6.9 trillion to the national debt over 10 years when accounting for increased interest costs. Government shutdowns, continuing resolutions, and fixed-price cost overruns remain live risks across every name above.
The Strategic Shift Whether or not the full $54.6 billion survives Congress, the direction is unmistakable. The Pentagon just signaled the next era of American warfare with a 24,000% budget increase for a program most Americans cannot name. Autonomous systems, AI decision infrastructure, hypersonics, and hull steel are the four verticals absorbing the flows. KTOS, AVAV, PLTR, NOC, and HII sit closest to those pipes. Congressional passage risk is real, but the strategic realignment behind the number is already reshaping capital allocation across the defense industrial base.
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Palantir potřebuje přesvědčit Wall Street, že udrží rychlý růst komerčních tržeb, zrychlí ziskovost a promění AIP v škálovatelnou softwarovou platformu.
Palantir Technologies (PLTR +0.81%) has done almost everything that investors asked of it.
The company is growing rapidly. It's generating meaningful profits. And demand for its artificial intelligence (AI) software continues to accelerate. Yet the stock remains well below its late-2025 peak. So what's holding it back? The answer probably isn't the lack of another blockbuster earnings report.
Instead, I think Wall Street wants answers to three important questions before becoming bullish on the stock again.
Image source: Getty Images.
Can Palantir keep winning commercial customers? If there's one number investors should keep an eye on with regards to Palantir, it is the company's U.S. commercial revenue.
For years, Palantir's biggest strength was its tight relationship with Washington, D.C., which had helped it win numerous government contracts. Yet that was also the source of much criticism of the company. While those contracts provided it with stability, they also led many investors to question how large a business that was so reliant on a single customer could become.
That narrative is changing. In its latest reported quarter, U.S. commercial revenue surged more than 130% year over year to $595 million. Comparatively, U.S. government revenue grew by "just" 84% to $687 million.
That's a great start. But Wall Street isn't looking backward. It's looking forward. The question now is whether Palantir will be able to sustain strong commercial growth after the initial wave of enterprise AI adoption.
If it can, investors may begin viewing Palantir less as a niche government contractor and more as one of the leading enterprise AI software companies. That would be a meaningful shift that could change the stock price's trajectory.
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Can earnings finally catch up with the valuation? The second question has nothing to do with technology and everything to do with valuation.
Palantir's recent share price decline doesn't necessarily mean investors have lost confidence in the business. Instead, many have become less willing to pay such a large premium for anticipated future growth. For perspective, the stock still trades at a premium valuation, with a price-to-earnings ratio of 141 (as of this writing).
That's why the next phase of Palantir's story can't be simply about growing revenue. It will have to be about growing earnings. The idea is simple. Expensive stocks become more attractive when the underlying business keeps improving, while the stock goes nowhere.
We've seen this before. After the dot-com bubble burst, companies like Microsoft spent years growing earnings while their share prices moved very little. Eventually, the businesses caught up with their valuations, laying the foundation for another long period of strong shareholder returns.
In other words, Palantir needs to keep executing, and it needs to grow its profitability over time.
Can Palantir become a true software platform? Whether Palantir can become a widely used AI platform provider may be the most difficult question of all to answer.
It has already proven it can solve complex problems for its customers. Now investors want proof that it can do so at scale. Products like the Palantir Artificial Intelligence Platform (AIP) suggest the company is moving in the right direction. Rather than relying as heavily as it used to on customized deployments, Palantir is increasingly offering repeatable software that can be adopted across multiple industries.
If it continues down this path, its business model would become much more scalable. And scalable software platforms tend to enjoy stronger operating leverage, wider margins, and longer growth runways than businesses that rely heavily on customized implementations.
In other words, investors aren't just betting on AI. They're betting that Palantir can become one of the defining enterprise software platforms of the AI era.
What does it mean for investors? Palantir's recent stock performance has been disappointing, despite the business's ongoing strong performance. Its latest results suggest demand remains strong, commercial adoption continues to accelerate, and management is executing well.
This suggests that investors are becoming more cautious about the company's long-term prospects.
For the stock price to rally again, Palantir will need to exceed investors' current expectations, largely by sustaining commercial business growth, delivering massive earnings expansion, and continuing to transform AIP into a highly scalable software platform.
For now, investors should spend less time watching its daily share price movements and more time watching its progress on those three aspects of the business.
Amazon investuje 1 miliardu USD do rozšíření týmu forward deployed engineers, aby urychlil zavádění AI platformy AWS ve firmách. Tento model má zrychlit implementaci a přinést hlubší integraci u zákazníků.
Following a recent announcement from Amazon (AMZN +0.61%), investors learned that the company is investing $1 billion to expand its use of forward deployed engineers (FDEs) to help accelerate enterprise adoption of its artificial intelligence (AI) cloud platform, Amazon Web Services (AWS).
This approach places skilled technical specialists directly within customer environments, moving beyond traditional sales and support models to deliver deeper integration and faster value creation as AI services move into production.
Image source: The Motley Fool.
The reality is that modern cloud and AI deployments involve intricate data workflows, stringent security requirements, and integrations with legacy systems that generic documentation or remote support struggles to address in a timely manner.
FDEs are experienced programmers embedded within customer organizations for an extended period. Rather than working remotely, they are placed on-site or in close collaboration with client teams to accelerate the development of customized solutions, resolve technical challenges, and ensure seamless implementation with existing platforms. By bridging the gap between vendor expertise and customer needs, FDEs reduce deployment friction -- ultimately shortening time-to-value recognition.
Image source: Getty Images.
How do FDEs help Amazon in the age of AI? In the current era of generative large language models (LLMs), AI workloads have become more demanding than standard cloud migrations. Customers often require assistance in tuning existing infrastructure for massive new data sets, optimizing GPU clusters, securing sensitive training data, and integrating outputs into operational processes.
An FDE model allows AWS to provide comprehensive, specialized support at scale and on demand. This hands-on capability differentiates AWS from hiring external consultants -- positioning the company to capture additional AI infrastructure spend as enterprises race to operationalize intelligence.
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The power of FDEs can be seen in Palantir's results Palantir Technologies (PLTR +2.51%) popularized the FDE approach shortly after launching its Artificial Intelligence Platform (AIP) in early 2023. By pairing AI software with teams of forward deployed engineers, Palantir swiftly transformed from a primarily government-focused contractor into a major commercial force.
This unique combination fueled the rapid customization of AI capabilities to fit enterprise environments, allowing Palantir to complement entrenched legacy software systems across several major industries. As a direct result, Palantir has recorded sharp increases in both revenue and profitability -- driven largely by accelerating commercial bookings and higher customer retention.
PLTR Revenue (TTM) data by YCharts
Palantir's FDE strategy has proved especially effective at penetrating the private sector -- where incumbent enterprise software vendors typically offer limited AI expertise and slow implementation cycles.
Arguably, Amazon's decision to implement FDEs to scale AWS reflects a deliberate adoption of Palantir's proven template. By embedding technical talent alongside its industry-leading cloud infrastructure and AI suite, Amazon could be on the path to replicating the level of customer intimacy and rapid-deployment advantages that fueled Palantir's AI-driven breakout.
SummaryPalantir Technologies Inc. is evolving into a control layer for operational AI, integrating models with enterprise data, workflows, and security across commercial and government sectors.AIP Bootcamps accelerate adoption, creating sticky customer relationships and driving rapid commercial expansion, evidenced by 133% U.S. commercial revenue growth in Q1 2026.PLTR delivers elite profitability—46% GAAP operating margin, 53% net income margin, and 57% adjusted free cash flow margin—while scaling revenue at 85% year-over-year.I rate PLTR a Strong Buy for investors able to withstand high valuation risk, as it cements itself as a critical AI infrastructure provider with explosive growth and robust margins. JasonDoiy/iStock Unreleased via Getty Images
Investment Thesis Palantir Technologies Inc. (PLTR) is among the few firms whose bull case continues to gain strength as its share price has increased. This seems counterintuitive, but in this author’s view, the recent debate surrounding
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Palantir tento týden vzrostl o 14 % po zprávě o spolupráci s Nvidií na využití open-source AI pro americkou vládu. Analytik D.A. Davidson navíc zvýšil doporučení na koupit a cílovou cenu na 175 USD.
Shares of Palantir Technologies (PLTR +2.99%) rose 14% this past week, following news of a potentially lucrative collaboration with an artificial intelligence (AI) giant and a bullish analyst note.
Image source: The Motley Fool.
A powerful alliance Palantir is teaming up with Nvidia (NVDA 1.39%) to make it easier for the U.S. government to reap the benefits of open-source AI models.
By combining Palantir's sovereign AI operating system with Nvidia's Nemotron open models and accelerated computing infrastructure, government agencies could achieve gains in cost, safety, and customization while preserving data security.
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The partnership could provide a boost to Palantir's already fast-growing government division. Revenue in this segment soared 84% year over year to $687 million in the first quarter.
A new Palantir bull D.A. Davidson analyst Gil Luria sees more reasons to be bullish on Palantir's stock.
Luria believes it makes more sense for companies to build on Palantir's platform, which offers access to a wide range of AI models from nearly all major providers, rather than directly on the models developed by the likes of OpenAI and Anthropic.
He highlighted Anthropic's confrontation with the Trump administration last month, which forced it to temporarily disable access to its models. A business that solely relied on Anthropic's model could have faced "catastrophic" disruptions, according to Luria.
On the other hand, companies that used Palantir's platform would have faced minimal downtime as it quickly shifted to alternative models.
In turn, Luria upgraded Palantir's stock from neutral to buy on Thursday and placed a $175 price target on its shares.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Palantir Technologies. The Motley Fool has a disclosure policy.
Palantir sází na to, že hodnota v AI se přesune od modelů k softwarové vrstvě, která firmám umožní přepínat mezi OpenAI, Anthropic a dalšími bez ztráty kontroly nad daty.
Karp isn’t trying to build the next frontier AI model. Instead, he’s making the case that the most valuable part of the AI stack could ultimately sit above it—a software layer that lets enterprises switch between models without giving up control of their data, workflows or intellectual property.
Speaking to The Information after his CNBC appearance, Karp said businesses are becoming increasingly concerned that relying too heavily on proprietary AI providers could leave them vulnerable if those companies optimize models using customer insights or eventually compete against them.
“There’s just very deep frustration around…are they gonna optimize the models for me, or are they gonna take the alpha of my business, transfer in their weights, and compete against me?” Karp said.
Palantir Bets on the AI Application LayerThat philosophy is increasingly shaping Palantir’s AI strategy.
Earlier this week, the company launched a platform designed to help U.S. government agencies securely deploy and customize Nvidia Corp‘s (NASDAQ:NVDA) open-source Nemotron models through Palantir’s software.
Karp also told The Information that some U.S. government customers had recently switched from proprietary AI models developed by companies such as Anthropic to Nvidia’s open-source alternatives, although he declined to identify the agencies involved.
Rather than persuading customers to commit to a single AI model, Palantir is positioning itself as the software layer that manages whichever model an enterprise chooses. Its Evolve platform already routes workloads across multiple AI models based on customer priorities such as performance, cost or security.
Why the AI Moat Could Be ShiftingThe strategy reflects a broader shift emerging across enterprise AI.
As more open-source models reach competitive performance, businesses are increasingly looking for flexibility rather than vendor lock-in. If enterprises can switch between OpenAI, Anthropic, Nvidia’s Nemotron and future models without disrupting their applications, the value may increasingly reside in the software that orchestrates those models instead of the models themselves.
That doesn’t necessarily diminish the importance of OpenAI or Anthropic, whose proprietary models continue to lead many industry benchmarks. But it does suggest that enterprise customers may ultimately place a higher premium on governance, security and interoperability than exclusive access to any one model.
What Investors Should WatchFor investors, Karp’s comments point to a broader debate unfolding across enterprise AI: whether long-term pricing power will remain with foundation model developers or migrate to the companies helping businesses manage them.
Photo: DIA TV / Shutterstock
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Palantir ve 1. čtvrtletí 2026 zvýšil tržby o 85 % na 1,6 miliardy USD a zvedl celoroční výhled. Akcie přesto klesly o 37 % z maxima, protože trh snížil ocenění.
When a stock by close to 40%, investors usually assume something has gone wrong with the company. Perhaps sales are slowing. Maybe customers are leaving. Or perhaps the company's competitive advantage is fading. That's a reasonable assumption.
In Palantir Technologies's (PLTR +2.99%) case, however, it's largely the wrong one.
Despite the sharp decline in its share price since its late-2025 peak, Palantir's business has arguably never been stronger. Revenue continues to grow rapidly, demand for its AI software remains robust, and the company continues to win large commercial customers.
So what happened to trigger this tumble? The answer has less to do with Palantir's business -- and almost everything to do with how Wall Street values great companies.
Image source: Getty Images.
The business keeps getting stronger If you looked only at Palantir's operating results, you'd probably struggle to explain why the stock has sold off from its November peak. The company has been delivering some of the strongest results in its history.
In the first quarter of 2026, revenue jumped 85% year over year to $1.6 billion, and management raised its full-year guidance as U.S. demand continued to accelerate.
Even more encouraging was the commercial business.
For years, skeptics argued Palantir was little more than a government contractor. That argument is becoming increasingly difficult to defend. Its U.S. commercial revenue surged more than 130% year over year, highlighting just how quickly enterprises are adopting the company's software.
Palantir also remains highly profitable, with a 46% operating-income margin and a 57% free-cash-flow margin even as it continues to invest heavily in growth.
By almost every operating metric, the business is stronger today than it was when the stock was making new highs in 2025.
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The market isn't questioning the state of the business Here's where many investors get caught out. A falling stock price doesn't always mean a weakening company.
Sometimes the opposite happens. The business keeps improving while the stock falls. That's because investors have moved from asking, "Is this a great business?" to asking a much harder question: "Is this business worth this price?"
That's exactly what appears to have happened with Palantir.
During the early phases of the AI boom, investors were willing to pay extraordinary premiums for the companies they believed would dominate the next generation of software. Eventually, expectations became so high that even outstanding business results were insufficient to justify those stocks' valuations.
We've seen this movie before.
Companies like Microsoft and Amazon have experienced periods when their businesses continued to improve while their stocks corrected sharply, as investors became less willing to pay extreme multiples to own them.
Why valuation matters when investing in a stock Imagine buying a business that's expected to earn $1 next year. If you're willing to pay $100 for it today, you're basing that price on the assumption of years of exceptional growth.
Now imagine the company performs exactly as you expected. Revenue grows. Profits improve. Customers keep coming. But investors later decide they're only willing to pay $60 instead of $100. Nothing has changed inside the business. Yet the stock still falls 40%.
That's essentially what happened to Palantir. The company continued executing. The market simply became less willing to pay an extraordinary premium for the hope of future growth. For perspective, Palantir -- as of Thursday down by 37% from its peak -- still trades at a price-to-earnings (P/E) ratio of 146.
For long-term investors, that's an important lesson. A declining stock doesn't always signal a deteriorating business. Sometimes it simply reflects a reset in expectations.
What does it mean for investors? Palantir remains one of the most compelling enterprise AI companies in the market today. Its commercial business is expanding rapidly, its products are gaining traction across industries, and management continues to execute at a high level.
But investing has never been just about finding great companies. It's also about understanding what expectations are already built into the stock price.
On one end, an average business can deliver outstanding returns for shareholders if expectations for it were previously low. Likewise, after expectations become unrealistic, even an exceptional business can disappoint investors if the market loses some of its undue optimism.
Palantir's recent sell-off is a timely reminder that business performance and stock performance don't always move together.
Palantir (PLTR +3.93%), an AI-driven data mining and analytics company, began trading at $10 per share after going public via a direct listing on Sept. 30, 2020. It set a record high of $207.18 on Nov. 3, 2025, but it now trades at about $129. Does that pullback make Palantir's stock, which has been richly valued ever since its public debut, a more attractive investment?
How fast is Palantir growing? Palantir operates two main platforms: Gotham for its government clients and Foundry for its commercial ones. Both platforms aggregate data from disparate sources to help their clients make faster data-driven decisions. Most U.S. government agencies use Gotham, while commercial giants like Amazon and Walmart use Foundry.
Image source: Getty Images.
From 2021 to 2025, Palantir's revenue grew at 30.5% CAGR from $1.54 billion to $4.48 billion. It also turned profitable in 2023, and its net income rose nearly eightfold from $210 million that year to $1.63 billion in 2025. Those soaring profits led to its inclusion in the S&P 500 in 2024.
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Palantir's government business grew as military conflicts in Ukraine and the Middle East drove the U.S. government to ramp up the use of its data-gathering services. Its commercial business flourished as it gained even more enterprise customers in the U.S. market. It's also expanding its AI platform for creating custom apps within its ecosystem.
From 2025 to 2028, analysts expect Palantir's revenue and net income to grow at CAGRs of 53% and 65%, respectively. The expansion of its AI enterprise "bootcamps", which help its U.S. commercial customers build new AI applications in days, new government mega-contracts, and its expansion into the space economy market should drive that growth.
By replacing fragmented data silos with its unified platforms, Palantir locks in its customers and widens its moat against smaller data-mining companies. To expand its total addressable market beyond its core government and commercial customers, it's also rolling out cheaper, modular components for smaller businesses that can't afford a seven-figure contract.
Is Palantir becoming a bargain? Palantir's business is firing on all cylinders, but much of that growth is baked into its valuation. When it hit its all-time high in Nov. 2025, it traded at 329 times the $0.63 per share in generally accepted accounting principles (GAAP) earnings per share (EPS) it would generate in 2025. Its market cap also peaked at $493.8 billion, or 110 times its 2025 sales of $4.48 billion.
At the time, many growth-oriented investors were willing to pay a premium for Palantir because they expected more rate cuts in 2026. But in the first half of the year, the Iran war and soaring inflation have forced the Fed to keep its benchmark rate unchanged. The Fed's recent decision to stop issuing forward guidance also implies interest rate hikes -- which could drive investors away from pricier growth stocks like Palantir -- are still on the table. Inflation and higher interest rates could also drive its commercial customers to rein in their near-term spending.
All of those headwinds caused Palantir's stock to retreat from its record high. But at $129 per share with a market cap of $301.4 billion, it still trades at 93 times this year's earnings and 39 times this year's sales. So while Palantir is cheaper than it was seven months ago, it's still an expensive hypergrowth stock.
How much upside potential does Palantir have? If it matches analysts' earnings expectations through 2028 but trades at 50 times its current-year earnings in July 2028, its stock would only rise about 3% to $133 over the next two years. If it trades at a more generous 60 times earnings, its stock would rise 24% to $160.
Palantir's business is booming, but its stock's upside is limited. Its valuations are gradually catching up to its growth rates, but it will take at least two or three more years for its price-to-earnings and price-to-sales ratios to stabilize at more sustainable levels.
Jim Cramer označil Palantir za nejlevnější, jaký kdy viděl, a vyzdvihl jeho silný růst tržeb a zvýšený celoroční výhled. Zmínil také ServiceNow a Salesforce jako další AI oblíbence.
Jim Cramer opened his Mad Dash Thursday morning with a striking call. Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) is now the cheapest he has ever seen it. That is a striking sentence about a company still trading at a trailing P/E of 146x.
Cramer’s exact framing, after watching CEO Alex Karp’s recent interview, was “I will say this is the cheapest I’ve seen in the stock. I do like the stock. I think the company does a great job when you bring them in.” He added that “you got to bring in Palantir if you want to try to figure out outside the box what to do with your organization.”
Cramer’s Palantir call Palantir just posted Q1 2026 revenue of $1.632 billion, up 84.7% year over year, with U.S. commercial revenue up 133% to $595 million. Management raised full-year guidance to $7.65 billion to $7.66 billion, roughly 71% growth. Karp told investors in the Q1 press release that the company’s Rule of 40 score hit 145%, a level matched only by NVIDIA (NASDAQ:NVDA), Micron (NASDAQ:MU), and SK hynix.
Meanwhile the stock has gone the other way. PLTR is down 22% year to date and off 14% in the last month alone, touching a 52-week low of $106.37 before bouncing. Accelerating earnings, decelerating stock. That is what Cramer means by cheap.
The enterprise software catch Cramer flagged ServiceNow (NYSE:NOW) and Salesforce (NYSE:CRM) as the other names worth watching in the enterprise-AI complex. ServiceNow was up big the prior day amid a broader enterprise-software uptrend, with the IG index working on a possible fifth straight up day.
On ServiceNow, Cramer said “I believe that their AI is substantial, particularly ServiceNow. And I don’t think I think clients do like them.” The fundamentals back him up. NOW posted Q4 2025 subscription revenue of $3.466 billion, up 21% year over year, with Now Assist net new ACV more than doubling. FY26 guidance sits at $15.53 billion to $15.57 billion in subscription revenue. Still, the stock is down 47.72% over the last year on a split-adjusted basis, so the market is digesting something.
Salesforce looks cheap the traditional way. Trading around $166 with a P/E of 19x and a forward P/E of 12x, CRM shows Q1 FY27 EPS of $3.88 beat estimates by 24%, and Agentforce ARR crossed $1.2 billion, up 205% year over year.
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Marc Benioff, on the May 27, 2026 report, called it “an outstanding quarter for Salesforce, record revenue, record deals, and cash flow.” The stock is still down 34% year to date.
Why contracts are getting shorter Cramer’s hesitation on ServiceNow was “My issue is, is that I keep hearing that they’re not getting the long contracts. They’re getting a shorter contract.”
The instinctive read is that AI is not delivering. Cramer explicitly rejected that. “It’s not because AI is doing something right now. It’s that, you know what? We can’t take a four year. It’s just too dicey for us.”
CIOs are still buying, still deploying, still writing checks. They just do not know what the enterprise stack looks like in 2029, so they refuse to lock in four-year terms. Shorter duration compresses cRPO growth and rattles anyone modeling software companies on backlog. Buyers respect the pace of change enough to keep optionality, even as demand stays firm.
That is the frame for all three names. Palantir is expensive on earnings and cheap on trajectory. ServiceNow is dominant on product and messy on contract length. Salesforce is the traditional value name growing Agentforce ARR faster than either. If Cramer is right that Karp’s team gets called in when boards do not know what to do next, and if ServiceNow really is the rails every AI initiative runs on, the shorter-contract complaint may end up looking like a footnote. Watch the July guidance cycle for confirmation.
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Palantir a Nvidia uzavřely partnerství pro suverénní AI, které zákazníkům v USA umožní nasazovat a upravovat modely na vlastních datech při plném vlastnictví vah modelu.
The AI gold rush continues in mid-2026, with companies racing to turn flashy models into actual money-making systems. While the market obsesses over token prices and frontier lab drama, a quieter shift is underway.
Governments and enterprises want AI they control — not rent — especially when national security or trade secrets sit on the line. Palantir Technologies’ (NYSE:PLTR | PLTR Price Prediction) just-announced partnership with Nvidia (NASDAQ:NVDA) taps directly into that demand.
Here is what actually matters here for long-term shareholders.
Real Control in Sovereign Environments The deal integrates Nvidia’s Nemotron open-weight models into Palantir’s Sovereign AI Operating System. Customers in U.S. government agencies and critical infrastructure gain the ability to deploy, customize, and post-train models on their own data — while keeping full ownership of the resulting model weights.
In plain English, this is not another vague AI announcement. Palantir supplies the ontology layer that structures messy data into usable intelligence, plus deployment tools via AIP, Foundry, and Apollo. Nvidia brings the hardware acceleration and open models. Together they create a secure, on-premises or air-gapped stack that closed labs like OpenAI and Anthropic struggle to match on data sovereignty.
Palantir CEO Alex Karp highlighted this exact point during his July 1 CNBC appearance. Enterprises and agencies grow tired of unpredictable token costs and the risk of transferring their “alpha” — competitive advantage — to third parties. Palantir’s approach lets them own the means of production.
The Rule of 40 score reached 145%, a mark matched by only a few AI infrastructure names like Nvidia itself. Adjusted free cash flow came in at $925 million in the quarter, or 57% FCF margin, and the balance sheet showed $8 billion in cash and equivalents.
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Compare that to the broader picture. While many software peers chase 20% to 30% growth, Palantir delivers triple-digit commercial acceleration in the U.S. The sovereign AI push builds on existing federal momentum and opens doors in regulated commercial sectors that need similar data control.
The Moat Most Analysts Overlook Here’s what receives too little attention: switching costs. Once an agency or critical infrastructure operator builds workflows on Palantir’s ontology, ripping it out becomes painful. Add Nvidia’s performance layer and you get a full-stack solution hard to replicate.
This matters because sovereign AI infrastructure could grow into a $177 billion market by 2035 at a 28% CAGR, according to Precedence Research. Palantir doesn’t need to win every dollar — it only needs to become the default operating layer for the most sensitive workloads.
Granted, the valuation sits at a trailing P/E around 141x. That leaves little room for disappointment if federal contract pacing slows or if international expansion lags. That said, the company generates real cash and shows accelerating momentum that justifies a premium for many growth investors.
Key Takeaway The Palantir-Nvidia deal quietly strengthens Palantir’s position as infrastructure rather than just another AI tool provider. With 85% revenue growth in Q1, guidance raised 71% for the full year, and a platform built for control-hungry customers, the setup favors patient shareholders who focus on execution over daily volatility.
Smart investors will watch upcoming contract announcements and Q2 results for confirmation that this partnership moves from headline to revenue. In the end, the winners in AI won’t just have the best models — they will have the best systems for using them securely at scale. Palantir and Nvidia just made a strong case for why they belong in that group.
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Analytik UBS Karl Keirstead označil Palantir za podhodnocený a tvrdí, že jeho systémy nemají přímou konkurenci. Firma zároveň zvýšila celoroční výhled tržeb na 7,66 miliardy USD.
There's no denying the potential for artificial intelligence (AI) to alter the technology landscape in ways that we don't yet comprehend. These sophisticated algorithms are being used to automate tasks, analyze data, and even write computer code -- all of which promise to make businesses more efficient. Unfortunately, there's no consensus on the best way to implement AI, particularly for managers seeking the best return on their investment.
Investors are equally divided. On one side of the argument are those concerned that rising valuations of some AI stocks will hamper future returns, while the other camp argues that exceptional returns should command premium valuations.
One company that epitomizes this tug-of-war is Palantir Technologies (PLTR +7.84%). The company has emerged as one of the leading providers of AI systems that extract siloed information, delivering data-informed solutions to company-specific business problems.
One analyst has just crunched the numbers and concluded that Palantir is undervalued.
Image source: Getty Images.
Context is key The popular narrative is that Palantir is overvalued, and it's easy to understand why. The stock has a price-to-earnings (P/E) ratio of 131. For comparison, the S&P 500 (SNPINDEX: ^GSPC) has a multiple of 32. It's important to note that the P/E ratio offers a way to evaluate the stock price relative to the company's profits. However, since it is a backward-looking metric, it tends to struggle with companies that are growing profits quickly.
Such is the case with Palantir. In the first quarter, its revenue grew 85% year over year to $1.63 billion. This marked the fastest year-over-year growth rate thus far and the 11th consecutive quarter of accelerating revenue growth. Moreover, the company's expanding operating margin -- at 46% and growing -- sent more profits to the bottom line, driving Palantir's earnings per share (EPS) up 325% to $0.34, up from $0.08 in the prior-year quarter.
Given Palantir's accelerating growth as context, it's easy to see why the commonly used P/E ratio falls flat.
What Wall Street is saying Palantir recently held its AIPCon -- the company's customer-focused technology conference that uses real-world case studies to demonstrate the utility of its AI systems. More specifically, it highlights the benefits of ontology, Palantir's process for mapping its AI systems to siloed company data and physical operations. In doing so, the system taps a company's own data to create decision-making matrices, automate supply chains, optimize manufacturing operations, and much more.
UBS analyst Karl Keirstead attended AIPCon, interacting with Palantir's customers and their company executives, and believes investors' simplistic evaluations don't do Palantir justice. The analyst noted that the "complexity and depth" of its systems have no real competition.
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At the heart of his bullish take is that Palantir's offerings go far beyond "large language model (LLM) deployment, data ingestion, and semantic layers." Customers Keirstead spoke to said no LLM can replace Palantir for data workloads. One even suggested that AIP's ability to integrate deeply with complex systems and turn AI-driven insights into real-world solutions gives Palantir a "five-year moat."
Finally, the analyst said that at 46 times its 2027 estimated free cash flow (emphasis mine), "we believe Palantir shares are undervalued relative to medium-term growth."
I believe the analyst hit the nail on the head. Palantir recently raised its full-year forecast and is now guiding for revenue of $7.66 billion, which would represent year-over-year growth of 131%, driving adjusted operating income of $2.25 billion, an increase of 97%. Management is also guiding for free cash flow of $4.3 billion at the midpoint of its guidance, or growth of 89%.
My go-to metric for high-growth companies is the price/earnings-to-growth (PEG) ratio, which adjusts the P/E ratio for a company's expected earnings growth. This provides insight into whether a premium stock price is warranted. Palantir returns a multiple of 0.46, when any number less than 1 suggests a stock is undervalued. This metric supports the analyst's view.
If the analyst is right -- and I believe he is -- then Palantir has no real competition, and concerns about its premium valuation are unjustified. That said, the stock simply may not be for everyone.
Palantir podle článku zůstává atraktivně oceněný po prudkém poklesu, i když růst tržeb a ziskovost dál zrychlují. Minulý kvartál tržby vzrostly o 85 % meziročně a volný cash flow měl marži 57 %.
SummaryPalantir shares have become attractively valued after a sharp decline, despite continued hyper-growth and exceptional profitability.PLTR's AI-driven AIP platform, deep government/military ties, and high net retention (150%) underpin its dominant position and expanding moat.Revenue grew 85% YoY last quarter, with a 57% free cash flow margin; management guides to 72% revenue growth and 59% FCF margin for the year.I recommend initiating a position in PLTR now, despite negative sentiment and technicals, as fundamentals and valuation are compelling for long-term investors. JasonDoiy/iStock Unreleased via Getty Images
The Gold Standard of the Enterprise Software Space is on Sale Now Sometimes it is hard to tell that a sale is underway. Sales do not necessarily mean that something - whether it is an enterprise software
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Key Takeaways PLTR's U.S. commercial revenues surged 133% as AI platform adoption accelerated across enterprises.Palantir expanded its adjusted operating margin to 60% and lifted its Rule of 40 score to 145%.PLTR surpassed 1,000 customers while larger contracts strengthened future revenue visibility. Palantir Technologies (PLTR - Free Report) shares have declined 14% over the past year compared with the industry’s 22% fall. While the stock has faced valuation concerns and broader volatility across the artificial intelligence sector, the company's operating performance continues to strengthen. From accelerating commercial adoption to expanding profitability and industry-leading software metrics, Palantir is demonstrating that its Artificial Intelligence Platform (AIP) is becoming a powerful long-term growth engine.
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AIP Continues Driving Commercial ExpansionPalantir's AIP is delivering exceptional momentum across its U.S. commercial business. The clearest evidence is reflected in revenue growth, with U.S. commercial revenues surging 133% year over year and 18% sequentially. The performance suggests that enterprises are moving beyond AI experimentation and increasingly deploying Palantir's AI-powered software in mission-critical production environments.
Customer expansion remains equally encouraging. U.S. commercial customer count increased 42% year over year and 8% sequentially, highlighting the company's ability to win new clients while deepening relationships with existing customers. A growing installed base not only expands recurring revenue opportunities but also creates favorable conditions for higher-value platform adoption over time.
Compared with many enterprise software providers, including ServiceNow (NOW - Free Report) and C3.ai (AI - Free Report) , Palantir appears to be translating AI demand into measurable commercial execution, supported by growing customer adoption and larger enterprise deployments.
Larger Deals Reinforce Future Revenue VisibilityDemand strength is also evident in Palantir's expanding deal pipeline. The number of U.S. commercial contracts valued at $1 million or more increased 1.6 times from the prior year. Deals worth at least $5 million also grew at the same pace, indicating that customers are committing to increasingly larger AI deployments as confidence in the platform continues to rise.
Meanwhile, remaining deal value climbed 112% year over year, while total contract value reached $1.18 billion, representing a 45% increase from the prior-year period. These metrics provide stronger visibility into future revenue opportunities and reinforce the durability of Palantir's commercial momentum.
While ServiceNow continues benefiting from enterprise workflow automation demand and C3.ai remains focused on enterprise AI applications, Palantir's growing contract values highlight its ability to secure large-scale, long-duration AI engagements across multiple industries.
Profitability Continues Reaching New HeightsPalantir's first-quarter 2026 results also showcased remarkable operational discipline. Adjusted operating income climbed to $984 million, representing an impressive 60% operating margin. Over the past year, adjusted operating income has increased dramatically from $391 million in the first quarter of 2025 to nearly $1 billion. Operating margins have expanded consistently, improving from 44% in the first quarter of 2025 to 46% in the second quarter, 51% in the third quarter, 57% in the fourth quarter, and ultimately 60% in the first quarter of 2026.
These results demonstrate meaningful operating leverage, with revenue growth increasingly flowing through to profits instead of being offset by higher operating expenses. Unlike many AI software companies that sacrifice profitability to sustain growth, Palantir continues to strengthen both simultaneously.
Rule of 40 Highlights Elite Software QualityOne metric particularly underscores Palantir's execution: the Rule of 40, widely regarded as one of the software industry's most important measures of business quality. While a score above 40% is generally considered strong, PLTR has moved into an entirely different league.
Its Rule of 40 improved from 64% in the second quarter of 2024 to an extraordinary 145% by the first quarter of 2026. During the same period, revenue growth accelerated from 27% to 85%, while adjusted operating margins expanded from 37% to 60%.
This rare combination of accelerating growth and expanding profitability distinguishes Palantir from many software peers. Even as C3.ai continues investing aggressively to expand its AI offerings and ServiceNow scales its enterprise software platform, Palantir's balanced execution demonstrates exceptional operational efficiency.
Customer Growth Supports Long-Term OpportunityPalantir continues expanding its customer ecosystem at an impressive pace. Total customers have now surpassed the 1,000-customer milestone, while commercial customer growth remains strong across both U.S. and international markets.
Importantly, customer expansion often serves as an early indicator of long-term revenue durability, as larger installed bases create additional opportunities for upselling, platform expansion and increased customer spending. The continued rise in commercial customers also reflects growing enterprise confidence in deploying AI-powered operational systems across mission-critical business functions.
Although valuation concerns and broader AI-sector volatility remain risks, Palantir's expanding customer ecosystem, accelerating commercial momentum, rising profitability and exceptional Rule of 40 performance reinforce the company's long-term investment narrative. As enterprises continue to accelerate AI adoption, Palantir appears well-positioned to capitalize on expanding demand, larger contracts, and durable recurring revenue growth.
Analyst Sentiment Remains Highly FavorableConsensus estimates continue to support Palantir’s growth trajectory. Earnings are projected to increase 84.5% in 2026 and 40% in 2027, while revenue growth expectations remain robust at 72% in 2026 and 42% in 2027, as commercial AI adoption accelerates.
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Analyst sentiment has also improved considerably. Over the past 60 days, analysts issued 11 upward earnings estimate revisions for 2026, with no downward revisions. Forecasts for 2027 also moved higher with 10 upward revisions against none downward, reflecting growing confidence in Palantir’s execution capabilities and expanding AI opportunity.
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PLTR Stock Looks Like a Compelling BuyPalantir continues to distinguish itself through rapid commercial adoption, expanding customer relationships, improving profitability and disciplined execution. The company's Artificial Intelligence Platform is gaining traction across enterprises, while larger contracts and a growing customer base provide visibility into sustained long-term growth. At the same time, exceptional operating efficiency demonstrates that Palantir is scaling its business without compromising profitability. With analyst sentiment becoming increasingly optimistic and enterprise AI adoption still in its early stages, the recent share-price weakness appears to present a compelling opportunity for long-term investors. Despite near-term valuation concerns, Palantir's strengthening fundamentals support a Buy recommendation for investors seeking exposure to one of the software industry's leading AI growth stories.
PLTR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Palantir CEO Alex Karp on Wednesday criticized the token model used by U.S. artificial intelligence labs Anthropic and OpenAI as costs skyrocket.
"I'm not throwing shade at them, but something has gone completely wrong," he told CNBC's "Squawk Box." "The basic view among enterprises in this country is I'm going to chillax and waste my time with tokens."
As AI costs surge, and new models prove pricier than previous iterations, enterprises are shifting from a mindset of so-called "tokenmaxxing" in favor of a return on investment.
That setup is prompting some enterprises to adopt open weight models, capable of performing similar tasks at a fraction of the price. Chinese models are also accelerating capabilities, raising concerns that the AI rival could soon catch up to U.S. frontier labs.
Shares of the AI software company climbed 9% on Wednesday.
Read more CNBC tech newsAnthropic says Trump admin has lifted export controls on Claude Fable 5 and Mythos 5OpenAI, Anthropic backer MGX raises one of the biggest AI funds ever as it closes at $49 billionEmployers who laid off workers citing AI are already starting to regret itRecord chip rally adds $2 trillion in combined value to Micron, Intel and AMD in second quarterKarp told CNBC that the industry should not underestimate the speed at which China is making progress in building AI models.
In this environment, many businesses are also shifting from using far-reaching AI models to building and training their own, more efficient proprietary tools.
Earlier this week, Palantir announced an expanded partnership with Nvidia to use the chipmaking giant's AI tools to build custom models for U.S. government agencies.
Karp views open weight models as a potential solution for CEOs frustrated by AI labs.
"What aligns me with Nvidia, and I think is what the technical customers want, which is control over their compute, their models, their data stack and their alpha," Karp said. "They want to know they own the means of production. It's not being transferred to someone else."
Alex Karp z Palantiru označil odvětví AI za „šílené“ a obvinil přední firmy z přemrštěných cen, zneužívání dat a ohrožování národní bezpečnosti USA. Akcie Palantiru ve středu vzrostly o více než 9 %.
ToplinePalantir CEO Alex Karp on Wednesday called the AI industry “effing insane” in a heated interview on CNBC, accusing leading AI firms of overcharging, exploiting customer data and jeopardizing U.S. national security.
“This is the voice of American business that is being channeled through me,” the billionaire cofounder remarked.
AFP via Getty Images
Key FactsKarp, who appeared on CNBC to discuss Palantir’s partnership with Nvidia in a deal to help the U.S. government use advanced AI more securely, said CEOs he speaks with privately are “livid” with leading AI companies and that Palantir’s recent deal with Nvidia was designed to relieve those concerns.
He criticized the U.S. for relying on AI companies to develop technology for the military and national security, saying: “Are we really going to outsource the battlefield of this country to the consensus view in Silicon Valley? That is effing insane.”
Karp accused AI companies of imposing a “wealth tax” on businesses by charging high fees for their AI tools while collecting valuable data that could improve their own AI models.
At one point during the interview, one host commented, “You sound pretty angry,” to which Karp responded, “This is the voice of American business that is being channeled through me,” and suggested other CEOs would express the same anger in private.
After the interview appeared to end, Karp asked the hosts, “Are we still on?”
Shares of Palantir soared by more than 9% as of Wednesday morning.
forbes valuationKarp has a fortune valued at $12.3 billion as of Wednesday, according to Forbes’ estimates. Karp cofounded Palantir with billionaire Facebook investor Peter Thiel ($27.4 billion), whom Karp met while at Stanford Law School, and Stephen Cohen ($4.6 billion), and the company went public on the New York Stock Exchange through an unusual direct listing process in 2020.
key backgroundThe rollout of new AI models from OpenAI and Anthropic in recent months has drawn criticism from the U.S. government. The Pentagon designated Anthropic a “supply chain risk” in March, after Anthropic claimed the company refused to remove restrictions preventing its technology from being used for mass domestic surveillance or fully autonomous weapons. Days earlier, amid a broader contract dispute with Anthropic, the Pentagon reached a deal with OpenAI that sparked criticism from AI policy and legal experts. President Donald Trump issued an executive order in June requesting that companies allow federal oversight of new AI models before they are publicly released. OpenAI announced last week it would roll out new AI models, but said broader access would come after a “limited preview for a small group of trusted partners” approved by the U.S. government.
tangentAnthropic said late Tuesday the Commerce Department lifted export controls on Claude Fable 5 and Mythos 5, after the government banned the company from allowing foreign nationals to access its newest models over national security concerns. Commerce Secretary Howard Lutnick said the government had “worked closely” with Anthropic to “analyze and improve” Fable 5 and “strengthen America’s leadership in AI.”
further readingForbesU.S. Lifts Restrictions On Anthropic’s Mythos 5 And Fable 5 AI ModelsBy Siladitya Ray
Palantir překročil hranici 1 000 zákazníků, protože dál roste zájem firem o jeho AI a datové platformy. Rychle přibývá hlavně komerčních a amerických komerčních klientů.
Key Takeaways PLTR surpassed 1,000 total customers as commercial and U.S. commercial adoption continued to grow.Palantir is expanding beyond government markets with broader enterprise AI and data platform adoption.PLTR's growing customer base supports recurring revenue opportunities through deeper platform expansion. Palantir Technologies (PLTR - Free Report) continues to demonstrate strong momentum in customer acquisition, underscoring rising enterprise demand for its artificial intelligence and data analytics platforms. Recent customer metrics showed meaningful expansion across total customers, commercial customers and U.S. commercial clients, indicating that adoption is broadening well beyond the company’s traditional government-focused business.
The company’s U.S. commercial customer count climbed sharply over the past year, reflecting growing enterprise interest in AI-powered operational platforms. Commercial customer growth also continued to accelerate globally, while the total customer base surpassed the 1,000-customer milestone. These trends suggest that Palantir’s software solutions are gaining traction across a broader range of industries seeking advanced data integration, AI deployment, and workflow optimization capabilities.
Importantly, customer expansion often serves as an early indicator of long-term revenue durability, as a larger installed base creates greater opportunities for platform expansion and increased customer spending over time. The continued growth in commercial customers also signals that enterprises are becoming increasingly confident in integrating AI-driven operational systems into mission-critical business functions.
While valuation concerns and broader AI-sector volatility remain key risks, Palantir’s rapidly expanding customer ecosystem reinforces its long-term growth story. Sustained customer acquisition should continue to support recurring revenue expansion as enterprise AI adoption accelerates across global markets.
Relevant Industry PeersSnowflake (SNOW - Free Report) remains one of the most important competitors within enterprise data analytics and AI infrastructure. Like Palantir, Snowflake benefits from growing enterprise demand for cloud-based data platforms and AI-driven analytics solutions. However, Snowflake maintains greater exposure to cloud data warehousing and enterprise data-sharing ecosystems.
C3.ai (AI - Free Report) also competes within the enterprise artificial intelligence market, particularly in predictive analytics and AI application deployment. Similar to Palantir, C3.ai focuses heavily on helping enterprises operationalize AI workflows across industries. Still, C3.ai continues facing greater questions surrounding profitability, consistency, and large-scale commercial adoption.
PLTR’s Price Performance & EstimatesThe stock has declined 35% year to date compared with the industry’s 16% fall.
Image Source: Zacks Investment Research
From a valuation standpoint, PLTR trades at a forward price-to-sales ratio of 29.87X, well above the industry’s 3.55X. It carries a Value Score of F.
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The Zacks Consensus Estimate for PLTR’s 2026 earnings has risen over the past 60 days.
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PLTR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Palantir uzavřel s americkou armádou desetiletou dohodu v hodnotě až 10 miliard USD, která sloučí 75 kontraktů do jednoho rámce. Smlouva má ztížit konkurenci vytlačení firmy z obranného softwaru.
The headline number gets attention. Palantir (NASDAQ:PLTR | PLTR Price Prediction) secured a $10 billion, 10-year Enterprise Agreement with the U.S. Army last summer.
The contract was awarded July 31, 2025, and the question worth asking now, nearly a year in, is whether Wall Street has properly priced what that vehicle does to the company’s competitive position. The stock is down 31% year to date and down 25% since the deal was awarded, so the market has clearly not treated this as a one-way moat story.
What the consolidation actually changes The Army agreement folds 75 contracts (15 prime plus 60 related) into a single vehicle, strips out reseller pass-through fees, and is available to other Department of Defense components. It also sits on top of the Maven Smart System work, including a 2025 expansion worth up to $795 million.
Fewer renewal cycles means fewer chances for a competitor to dislodge an incumbent, and removing resellers compresses the dollar path between the Pentagon and Palantir’s P&L. CRO Ryan Taylor noted Maven usage has doubled in the past four months through March and is now 4x over the past twelve months.
The structural point that gets lost in the multiple debate is that defense software, once embedded at the workflow layer, behaves more like infrastructure than tooling. Gotham has been woven into intelligence and operations workflows for over a decade, and the Maven Smart System now functions as the connective tissue between sensor data, targeting, and command decisions across multiple combatant commands.
An Enterprise Agreement that consolidates procurement vehicles raises the switching cost for any successor that might want to displace Palantir. That is the practical definition of a moat in government software.
The recurring-revenue case investors keep underweighting U.S. Government revenue reached $687 million in Q1 2026, up 84% year over year, with total remaining deal value of $11.8 billion and RPO of $4.5 billion, up 134% year over year. That is the texture of long-duration software infrastructure rather than project work.
CEO Alex Karp framed the posture bluntly. “We always prioritize the U.S. warfighters over everything else,” he said, adding that the company’s “biggest problem currently in the U.S. is that we just cannot meet demand.” Operating leverage is showing up where it should. GAAP operating margin reached 46% in Q1 2026.
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The commercial flywheel reinforces the government story rather than competing with it. U.S. commercial revenue grew 133% year-over-year in Q1 2026 to $595 million, and remaining deal value in that segment expanded 112% to $4.92 billion.
Moreover, Palantir’s Artificial Intelligence Platform has become the connective layer for enterprises trying to translate large-language-model output into auditable workflows. This is the same problem the DoD is solving at scale with Maven. The shared platform means engineering investment compounds across both customer bases, which is why adjusted operating margin expanded to 60% from 44% a year earlier.
The limits of a ceiling number The $10 billion is a ceiling, the maximum potential value, not guaranteed obligated spending. Army procurement totaled $25.3 billion in FY 2025 actuals and $30.1 billion enacted for FY 2026, and any single vendor’s draw against that is a political and budgetary outcome.
Palantir trades at a trailing P/E of 129x and a price-to-sales ratio of 53x, against an analyst target price of $182.75.
There are also genuine business risks worth flagging. Federal contracts carry termination-for-convenience clauses, customer concentration remains elevated even with the commercial mix shifting, and stock-based compensation ran at $201.6 million in Q1 alone. None of these are fatal, but they qualify the bull case in ways the headline ceiling does not.
What the deal does, and does not, settle The Enterprise Agreement makes Palantir harder to rip out and easier to expand into adjacent DoD components. It does not guarantee the whole $10 billion, and it does not justify any particular multiple.
Both things can be true. For investors, the question is not whether $10 billion lands on the income statement on a fixed schedule. Instead, it is whether the consolidation tightens Palantir’s grip on the workflow layer of U.S. defense software for the next decade. On that narrower question, the answer looks increasingly clear, even if the stock’s valuation forces a separate debate about price.
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Palantir vzrostl o více než 3 % po oznámení strategického partnerství s Nvidií na tvorbu AI modelů pro americkou vládu. Dohoda má propojit platformy obou firem pro bezpečné nasazení AI.
Shares of Palantir Technologies PLTR rose on Monday as investors welcomed a new artificial intelligence partnership with Nvidia (NVDA), extending the stock's recovery after it snapped a seven-day losing streak last week.
Palantir stock advanced more than 3% to $116.45 after gaining 5.3% on Friday.
The rebound follows a difficult month for the software company, with shares down 25% in June and on track for their weakest monthly performance in five years.
The latest gains came after Palantir announced a new strategic initiative with Nvidia to build custom artificial intelligence models for the US government using the Nvidia AI ecosystem and Nvidia Nemotron AI models.
Under the partnership, Nvidia's AI platform and Palantir's critical infrastructure products will be integrated to provide US government agencies with a secure "intelligent engine" for training and deploying AI models.
The platform is designed for government agencies and critical US infrastructure operators that require secure, mission-critical AI deployments while maintaining operational control over sensitive data.
According to Palantir, the platform includes explicit data authorization, secure perimeter enforcement, customer-specific isolation, data portability, the right to erase data and full auditability.
The company said these capabilities are intended to help organizations meet stringent regulatory and security requirements.
"Combining Palantir infrastructure with Nvidia's AI and Nemotron models will allow the US government to unleash the full power of LLMs while removing the underlying security risks and rational concerns around proprietary insights migrating into the weights of closed models," Palantir CEO Karp said.
The announcement marks another collaboration between the two companies and comes after a sharp pullback in Palantir's share price during June.
Separately, Palantir and Surf Air Mobility (SRFM) announced an expansion of their commercial partnership to accelerate the rollout of SurfOS.
The companies said they are adding engineering and go-to-market resources to speed deployment of OperatorOS, OwnerOS and SurfOS Enterprise Solutions.
The expanded partnership follows the commercial launch of BrokerOS and Surf Air Mobility's recent multi-million-dollar Enterprise BrokerOS agreement with Wheels Up.
Powered by Palantir's Artificial Intelligence Platform (AIP) and Foundry, SurfOS is designed to modernize private aviation by helping operators, brokers, owners and manufacturers improve efficiency while lowering costs.
According to the companies, the expanded collaboration will accelerate product development, including deployment of AIP agents, while positioning SurfOS as a central operating system for the private aviation and air mobility industry.
Technical picture remains under pressureDespite Monday's rally, Palantir shares remain well below several important technical levels after a prolonged selloff.
The stock has fallen 30% in 2026 amid broader concerns that advances in artificial intelligence could disrupt software companies.
During its seven-day losing streak between June 16 and June 25, the shares broke below multiple technical support levels and slipped beneath both their 50-day and 200-day moving averages.
Palantir's 50-day moving average stands near $136, while its 200-day moving average is around $158.6.
The February "death cross," when the 50-day moving average fell below the 200-day moving average, continues to weigh on the technical outlook.
Momentum indicators also remain subdued, with the Moving Average Convergence Divergence (MACD) indicator below its signal line and the histogram remaining negative.
Even so, Monday's gains suggest investors are responding positively to Palantir's expanding AI initiatives.
The Nvidia partnership, coupled with the broader commercial expansion with Surf Air Mobility, provides fresh catalysts as the company seeks to regain momentum after one of its sharpest monthly declines in recent years.
ARK dál nakupuje Palantir při poklesu, když fondy Cathie Woodové 23. a 26. června přikoupily celkem asi 122 855 akcií za zhruba 14,2 milionu USD. Akcie jsou letos dole o 31 %.
Cathie Wood’s ARK funds kept buying Palantir (NASDAQ:PLTR | PLTR Price Prediction) into the teeth of its 2026 drawdown, picking up roughly 81,254 shares for about $9.7 million on June 23 and another 41,601 shares for roughly $4.5 million on June 26 across multiple tech names. That extends a months-long pattern of averaging down on weakness, and it sets up the only question that matters for a retirement-focused investor watching from the sidelines. Is she finally right, or is she catching the most expensive falling knife in enterprise software?
The setup is genuinely two-sided. Palantir hit a 12-month low near $107.27 before bouncing about 5% to roughly $115 as of this writing. PLTR stock is down sharply for 2026 and roughly 45% below its November 2025 high. Year to date through June 26, shares are off 31%. ARK is buying that.
The bull case ARK is underwriting Wood’s pattern here is a slow, mechanical accumulation as the price falls. The June 23 and June 26 prints sit inside a months-long sequence of dip-buying that began after Palantir rolled over from its 52-week high of $207.52. ARK is signaling that the selloff reflects sentiment and valuation, not the business itself.
Moreover, the fundamentals support that read. Q1 2026 revenue grew 84.7% year over year to $1.633 billion, beating consensus, and U.S. commercial revenue jumped 133% to $595 million. Management raised full-year 2026 revenue guidance to $7.650 to $7.662 billion, about 71% growth, and is guiding to adjusted free cash flow of $4.2 to $4.4 billion.
CEO Alex Karp framed the quarter this way: “Palantir’s Rule of 40 score has soared to 145%. We have shattered the metric, a feat matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK hynix.” Add the $10 billion Army Enterprise Agreement and you get the ARK thesis in one sentence. Growth is accelerating, the government anchor is locked in, and the price is wrong.
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The bear case Burry has been winning The other side has real substance. Even after the drawdown, Palantir trades at a forward PE of 77x and a price-to-sales ratio of 53x. Those multiples assume the moat holds. The bear argument, articulated forcefully by Michael Burry in early June and amplified across Reddit’s r/stocks community, is that the same AI advances powering Palantir’s AIP today will eventually commoditize the enterprise software layer Palantir sits on.
If cognition becomes cheap, the premium compresses. Burry’s “sand castle supported only by AI applications narrative” post drew 402 upvotes and 159 comments and dragged r/stocks sentiment scores into the 18 to 35 range for two days. His short has worked. The stock is down hard in 2026, and ARK’s average cost on those late-June lots is already above where Palantir trades now.
Why following ARK is a bet on the multiple So is Wood finally right? She is right about the business and unproven on the multiple. Palantir is compounding faster than almost any enterprise software company in history, and a 46% GAAP operating margin is not a sand castle.
But buying a 77x forward multiple while the chart breaks down requires you to believe AI infrastructure pricing power survives the next two years intact. Burry is betting it does not. Wood is betting it does. For a retirement-focused reader, the useful takeaway is that following ARK here is a bet on multiple stability as much as on Karp’s execution, and those are very different risks.
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Palantir rozšiřuje partnerství se Surf Air Mobility a přidává zdroje pro rychlejší komerční rozvoj řešení OperatorOS, OwnerOS a SurfOS pro podnikové zákazníky. Spolupráce navazuje na úspěšné uvedení BrokerOS.
Following the successful commercial launch of BrokerOS, Palantir and Surf Air Mobility are committing additional engineering and go-to-market resources to accelerate commercial expansion of OperatorOS, OwnerOS, and SurfOS Enterprise Solutions.
MIAMI & LOS ANGELES--(BUSINESS WIRE)--Palantir Technologies Inc. (NASDAQ: PLTR) (“Palantir”) today announced an expansion of its partnership with Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”), a leading air mobility platform. Under the expanded agreement, Palantir and Surf Air Mobility are committing additional resources to accelerate the development and commercial release of SurfOS, including OperatorOS, OwnerOS, and SurfOS Enterprise Solutions products.
The expanded partnership builds on the successful commercial launch of BrokerOS and the recent announcement of a multi-million-dollar contract with Wheels Up, a leading provider of on-demand private aviation, to be the launch customer for Enterprise BrokerOS.
SurfOS is powered by Palantir’s AIP and Foundry and is designed to bring modern software to the private aviation and air mobility industries, a segment that has historically relied on manual processes and fragmented, outdated software systems. SurfOS provides aircraft operators, brokers, owners, and manufacturers with the tools needed to manage operations, drive efficiencies, and reduce costs.
Expanded partnership highlights:
Dedicated resources to accelerate commercial expansion of OperatorOS, OwnerOS, and SurfOS Enterprise Solutions from Palantir and Surf Air Mobility Focused go-to-market support leveraging Palantir’s expertise in highly fragmented industries Expedited development product and feature development timelines, including the deployment of AIP agents across the SurfOS products Support establishing SurfOS as the central operating system for the next generation of private aviation and air mobility Ted Mabrey, Global Head of Commercial at Palantir, said: “Private aviation and air mobility are large, growing markets that have historically relied on fragmented systems and manual processes. With Foundry and AIP powering SurfOS, we see a clear opportunity to build and define the central operating system for the future of aviation and air mobility, and our expanded commitment reflects our conviction in Surf Air Mobility and the opportunity ahead.”
Liam Fayed, Co-Founder of Surf Air Mobility, said: “The expansion of our partnership with Palantir will enable us to deploy and expand SurfOS more rapidly into the end markets. BrokerOS showed what our companies can bring to market together, and the additional technical and commercial support from Palantir will help us accelerate that success across the rest of our SurfOS products.”
Each of Surf Air Mobility’s software products is geared toward different segments of the private aviation and air mobility market, including chartered air transport, private aircraft sales and MRO aftermarket. Surf Air Mobility believes SurfOS is positioned to capture value across these interdependent markets by creating a connected ecosystem where supply and demand are optimized by leveraging Palantir’s Foundry and AIP.
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.
About Surf Air Mobility
Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The Company currently operates one of the largest commuter airlines in the United States by scheduled departures and provides private charter services. Together, these businesses provide the operational scale and real-world operating data to validate and deploy its software. These capabilities position Surf Air Mobility as a leader shaping a more efficient, connected, and accessible future for aviation.
Palantir 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. 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. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir's control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir's platforms to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir's platforms’ reliability; and customers' ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Palantir’s forward-looking statements speak only as to Palantir, and Palantir assumes no responsibility for the accuracy or completeness of any forward-looking statements made by any other party. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Surf Air Mobility Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Surf Air Mobility’s profitability and future financial results and its ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air Mobility’s ability to anticipate the future needs of the air mobility market; Surf Air Mobility’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air Mobility’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air Mobility’s growth; the inability of Surf Air Mobility’s customers to pay for Surf Air Mobility’s services; the inability of Surf Air Mobility to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air Mobility, the risks associated with Surf Air Mobility’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law.
Palantir uzavřel sedmileté strategické partnerství se Zeta Global a získal přístup k potenciálním zákazníkům s více než 100 miliony USD ročních tržeb. Zároveň jeho Foundry tvoří základ nové architektury pro modernizaci americké armády.
It’s been a rough first half of the year for Palantir Technologies NASDAQ: PLTR shareholders. The stock is down nearly 40% in 2026, with shares recently sliding again to test the $107 level.
Palantir Technologies Today
PLTR
Palantir Technologies
$113.27 +6.00 (+5.59%)
As of 12:54 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$106.37▼
$207.52P/E Ratio127.16
Price Target$192.76
Short interest, while still low on a percentage basis, is rising. Technology stocks, and software stocks in particular, are being met with suspicion due to the rapid, but perhaps misunderstood, adoption of agentic AI.
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That pressure feeds the tried-and-true critique that PLTR is simply overvalued. Even after the sell-off, the stock still trades at a steep forward price-to-earnings (P/E) multiple, well above the S&P 500 average and most software-stock benchmarks.
However, Palantir has consistently shown that its stock may be worth the premium. Two announcements in the past week reinforce that view and suggest the sell-off is creating a buying opportunity rather than confirming the bear thesis.
Zeta Global Partnership Expands the Commercial PipelinePalantir and Zeta Global NYSE: ZETA have entered into a seven-year strategic partnership in which Zeta's Data Cloud will be rearchitected on Palantir's Foundry infrastructure, with Athena by Zeta remaining as the application layer. Foundry provides the ontology, governance, and operational backbone; Athena (Zeta's AI intelligence layer) sits on top to drive real-time, agentic marketing decisions for enterprise clients.
What does that mean for Palantir’s finances? The partnership gives Palantir access to a new batch of potential customers representing more than $100 million in annual revenue. It also includes the development of a joint forward-deployed engineering team. CEO David Steinberg framed that $100M+ as an annual run-rate target "in the coming years," not a contract value.
ZETA shares climbed 5% on Tuesday, June 23, following the announcement. Wedbush and DA Davidson have flagged it as further enterprise AI validation for Palantir.
Another Government Win Builds on a Core StrengthNext Generation Command and Control (NGC2) is the Army's top modernization priority and its contribution to Joint All-Domain Command and Control (JADC2). That's the Pentagon's effort to fuse data across land, air, sea, space, and cyber. The Army has now established the foundational data architecture for NGC2, built on Palantir's Foundry as the cloud data layer and Anduril's Lattice as the tactical data layer. Raft handles data registries, transformation tools, and federation.
The financial implications are substantial, even though no contract value was disclosed. The award falls under Anduril's 10-year enterprise licensing agreement with the Army, which carries a $20 billion ceiling. Palantir's role is foundational rather than peripheral. Every future NGC2 application, AI model, and battlefield system built on this architecture will run on Foundry.
Overall MarketRank™92nd Percentile
Analyst RatingModerate Buy
Upside/Downside79.7% Upside
Short Interest LevelHealthy
Dividend StrengthN/A
News Sentiment0.74 Insider TradingSelling Shares
Proj. Earnings Growth42.37%
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That matters because Palantir's government segment remains the company's largest revenue base. NGC2 is just beginning to scale beyond the 4th Infantry Division and 25th Infantry Division pilots. As the Army rolls the architecture out to additional formations, Foundry captures recurring revenue at the platform level. The win also complements existing government franchises, such as TITAN and the Maven Smart System.
The takeaway for investors is that new contracts lead to higher revenue and earnings. That’s the signal. The rest is noise.
There's nothing wrong with taking profits on a stock that was ahead of itself at over $200 per share. There’s also nothing wrong with having been early on PLTR. It’s a one-of-one company, and those don’t come around often.
Chart Shows Weak Hands Exiting, Not CapitulationPLTR has broken through a support level of around $128. The $115 level has now given way as well, and shares are sitting roughly $30 below the 50-day simple moving average at $137. Palantir bears smell blood, which could lead to more selling.
But a fair read of the chart shows that the recent sell-off is taking place on, at best, average volume. That’s not a sign of capitulation, but rather a sign of the weak hands exiting the trade. The relative strength index (RSI) has also dipped below 30, a sign that selling may run out of steam sooner than expected.
The MACD is deeply negative but extended; a setup that often precedes a counter-trend bounce. The next logical catalyst for a sustained rally will be the company’s upcoming earnings report, expected on Aug 3, 2026. Palantir is likely to report strong results...and history suggests the stock is likely not to reflect that strength.
The question for investors is, what role does PLTR play in a portfolio? As a short-term investment or trade, it’s a poor choice. There are many headwinds against software stocks in general and Palantir in particular. But the two deals announced this week reinforce why Palantir still merits a place in a long-term portfolio. The sell-off is uncomfortable, but for now seems like normal portfolio rebalancing driven by valuation normalization rather than a thesis breaker.
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Shares of Palantir (NASDAQ:PLTR | PLTR Price Prediction) stock are down 6% in Thursday morning trading, changing hands near $106.50 after a prior close of $113.50. The move drops PLTR stock to its lowest level in over a year, deepening a string of fresh 52-week lows.
Zoom out and the picture is rougher, as Palantir stock is now down roughly 40% in 2026. June is shaping up to be Palantir’s worst month on record.
With PLTR stock now hovering just above $100, the question everyone is asking is whether the next leg drags Palantir shares through that round number. It’s a genuine open question rather than a confident forecast.
No Single Fresh Catalyst, Just a Continuing Derating There’s no fresh headline driving today’s specific drop in Palantir stock. Instead, PLTR is caught in a broader software and AI selloff that some traders have nicknamed the “SaaSpocalypse,” a repricing of richly valued software names amid fears that AI agents could erode traditional enterprise subscription models. Interest-rate pressure on the software group is adding to the squeeze.
The valuation sits at the center of the Palantir story. Recent coverage cited a trailing P/E ratio near 144x, and other readings put Palantir’s P/E ratio at 160x with a price-to-book ratio of 35x and a free-cash-flow yield under 1%. Numbers like that leave little room for disappointment when capital rotates out of expensive software, and Palantir has been at the front of that rotation.
Company-specific overhangs are not helping. Reports indicate that France’s domestic intelligence agency is transitioning off Palantir’s tools to domestic provider ChapsVision, and the UK National Health Service (NHS) contract is drawing renewed scrutiny. Both raise questions about Palantir’s international public-sector growth runway.
The technical picture has also turned. Michael Burry of “The Big Short” fame has a publicized short position on Palantir and has been taking a victory lap as momentum wanes, trading volume declines, and a key support level on PLTR stock has given way to fresh 52-week lows.
The Bull Case Hasn’t Disappeared Palantir’s underlying business still looks strong on paper. Q1 2026 revenue hit $1.63 billion, up 85% year over year, with U.S. revenue up 104% and U.S. commercial revenue up 133% to $595 million. Furthermore, Palantir’s GAAP operating income reached $754 million, a 46% margin, and the company closed 206 deals of $1 million or more with total contract value of $2.41 billion.
Palantir’s management responded by raising its full-year 2026 revenue guidance to $7.65 billion to $7.66 billion, with U.S. commercial guided above $3.22 billion and adjusted free cash flow guided to $4.2 billion to $4.4 billion. Additionally, Palantir’s “Rule of 40” score sat at 145%, a combination of growth and profitability few software peers can match.
Sentiment readings on PLTR are also stretched. Recent coverage notes that Palantir stock’s RSI has slipped into the mid-30s, traditionally an oversold zone where bounces can develop, and ARK Invest has reportedly been buying the dip.
Yet, the bear case still carries weight. Extreme multiples, the sector-wide software derating, the European contract setbacks, and downside momentum that includes Palantir’s worst month on record all argue the slide could extend. StockTwits chatter suggests that many retail traders are watching the $100 line specifically, with some saying they would step in if PLTR dips below it.
What to Watch Next The next scheduled catalyst for Palantir is the Q2 2026 earnings report, with management guiding to revenue of $1.797 billion to $1.801 billion. Until then, PLTR stock is likely to move with the broader software group and any further headlines around its international contracts.
Investors can watch for whether PLTR stock holds the $100 line into the close, and whether oversold conditions attract dip-buyers or simply mark a pause before another leg lower. The $100 figure is a psychological level rather than a chart-based target, and it’s a level that traders are clearly watching.
Either way, the next few sessions can help clarify whether Palantir is in for a deeper de-rating or is just quietly building a base. With CEO Alex Karp’s positive commentary on AI momentum still on the record and U.S. growth running hot, the fundamentals and the chart on PLTR stock are telling very different stories right now. Patience and modest position sizing remain reasonable approaches for anyone weighing a Palantir share stake here.
Palantir uzavřel partnerství se Zeta Global na vývoji jednotné datové a AI infrastruktury pro marketing. Wedbush to bere jako další potvrzení adopce AI v podnicích.
Palantir Technologies Inc (NYSE:PLTR) has entered into a partnership with Zeta Global aimed at developing a unified data and artificial intelligence infrastructure for marketing applications, a move Wedbush analysts described as another validation point for enterprise AI adoption.
The partnership combines Palantir's Foundry platform with Zeta's Data Cloud and Athena intelligence layer to support data-driven marketing decisions and operational execution.
Under the agreement, Zeta's Data Cloud will be rearchitected on Foundry, allowing enterprise customers to connect governed data with real-time decision-making capabilities.
According to Wedbush, the collaboration seeks to establish a new framework for "agentic marketing," where AI systems can automate and optimize business decisions while maintaining security, governance and compliance standards.
The analysts highlighted Palantir's Ontology technology as a key component of the partnership. Ontology creates a digital representation of an organization's operations by integrating business data and processes, enabling AI applications and workflows to operate within a governed environment.
Wedbush noted that Ontology serves as an intelligence layer that translates raw enterprise data into practical AI use cases and supports the deployment of AI agents and automated decision-making systems.
The firm wrote that marketing has become an important focus area for companies investing in AI technologies as businesses seek tools capable of processing trusted data in real time to improve customer acquisition, retention and engagement.
Zeta operates an AI-powered marketing cloud used by enterprises globally and leverages large volumes of consumer data signals to support marketing activities. Wedbush noted that the partnership is expected to generate more than $100 million in revenue for Zeta over several years.
The analysts believe that the agreement reinforces Palantir's position within the enterprise AI market and demonstrates growing demand for platforms that connect operational and customer intelligence.
Wedbush maintained its ‘Outperform’ rating on Palantir shares and reiterated its $230 price target, which implies significant upside from current levels of about $116.
