"Shares of Palantir Technologies Inc. (NASDAQ:PLTR) popped 7.74% over the past five trading sessions after gaining 8.14% the five prior. That continues the stock's 2025 rally that's seen PLTR gain 142.57% YTD. Over the past year, PLTR is up more than 380%, and since going public in October 2020, it has gained an eye-popping 1,882.50%. Last week, the company announced a new defense partnership with the U.K. government valued at £1.5 billion."
"When the company reported Q2 earnings on Aug. 4, it announced better-than-expected results. Palantir beat on earnings and revenue, with EPS of 16 cents versus 14 cents expected, and revenue of $1 billion versus $940 expected. Revenue rose 48% YoY and crossed the $1 billion mark for the first time. As a result, Bank of America raised its price target to $180 from $150, and Deutsche Bank upgraded the stock to "Hold" from "Sell" with a price target of $160, up from $80."
"In late July, it was announced that Palantir secured a $10 billion software and data contract with the U.S. Army. In May, the Trump administration rewarded a federal contract worth hundreds of millions to Palantir with the objective of creating a database on every U.S. citizen. On April 21, Investor's Business Daily reported that Palantir won an immigration tracking federal contract from the U.S. Immigration and Customs Enforcement (ICE)."
Palantir shares have rallied sharply in 2025, gaining 142.57% year-to-date, over 380% in the past year, and 1,882.50% since its October 2020 IPO. Q2 results beat expectations with EPS of $0.16 versus $0.14 and revenue of $1 billion versus $940 million, a 48% year-over-year increase. Bank of America raised its price target to $180 and Deutsche Bank upgraded the stock to Hold with a $160 target. Palantir secured major contracts including a £1.5 billion U.K. defense partnership, a $10 billion U.S. Army deal, and federal immigration-related work. The data services market is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028.
Read at 24/7 Wall St.
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