Palantir Technologies Inc. (NASDAQ:PLTR) soared to a new all-time high, reaching $144.90 per share, pushing its market valuation to approximately $338 billion. This remarkable surge represents nearly a 495% gain over the last year, highlighting Palantir’s expanding footprint in the technology sector.
The company’s impressive stock performance is backed by solid financial metrics, including an 80% gross profit margin and revenue growth exceeding 33%, signaling strong operational momentum. As Palantir continues to secure new contracts and grow its customer base, investors and analysts are closely watching its upward trajectory.
In parallel industry news, OpenAI secured a $200 million deal with the U.S. Department of Defense to develop prototype AI solutions, marking a significant milestone for the company. This contract has the potential to evolve into a multi-billion-dollar partnership, contingent on the success of initial prototypes.
On the analyst front, Loop Capital raised its price target for Palantir to $155 from $130, reaffirming a Buy rating based on the company’s expanding enterprise AI capabilities and promising growth prospects in AI-driven applications.
Meanwhile, Citi maintained a Neutral rating with a $115 price target, expressing cautious optimism regarding Palantir’s AI platform adoption—particularly in financial services—while flagging valuation and international market risks. Similarly, Mizuho increased its price target from $94 to $116 but kept an Underperform rating, citing concerns over valuation despite acknowledging Palantir’s strong strategic execution.
Additionally, Palantir has been actively advocating for a comprehensive federal data privacy law that balances consumer protections with effective enforcement, positioning itself as a voice in the evolving regulatory landscape.