TLDR
- Palantir stock reached an all-time high of $198.39 on Wednesday, up over 3% intraday with year-to-date gains exceeding 162%
- The company announced a partnership with Nvidia to integrate its Foundry platform with Nvidia’s DGX systems and AI software
- Palantir secured a defense contract with Poland’s Ministry of National Defense and a multi-million dollar deal with Lumen Technologies
- U.S. commercial revenue is growing at 93% year-over-year, while the company projects $1.09 billion in Q3 revenue
- Third-quarter earnings are scheduled for release on November 3, with analysts expecting $0.15 per share
Palantir shares climbed to $198.39 on Wednesday morning, marking a fresh record for the data analytics company. The stock has now gained more than 162% since the start of the year.
Palantir Technologies Inc., PLTR
The rally comes on the heels of several partnership announcements made over the past week. The most recent involves Nvidia, where Palantir will integrate its Foundry platform with Nvidia’s DGX systems and enterprise AI software.
This collaboration aims to help companies turn their operational data into actionable intelligence at scale. Both management teams have described the integration as a major step forward for enterprise AI deployment.
Palantir also announced a contract with Poland’s Ministry of National Defense. The deal expands the company’s presence in NATO’s eastern region and adds to its government sector portfolio.
A separate partnership with Lumen Technologies was unveiled as well. Palantir’s CEO claimed this deal could make AI data processing “200x faster” and called it the “holy grail for businesses.”
Financial Performance Driving Interest
The company is approaching a $1 billion quarterly revenue milestone. Year-over-year growth is projected at 48%, with strength coming from both government and commercial clients.
U.S. commercial revenue has been particularly strong, growing at nearly 93% year-over-year. This marks a shift from Palantir’s historically government-focused customer base.
Management has raised its 2025 revenue outlook to $4.15 billion. This figure exceeds previous Wall Street estimates and reflects confidence in continued growth.
The stock now trades at a price-to-earnings ratio above 650. This valuation leaves little room for error when earnings are released.
Oracle’s Larry Ellison recently commented on Palantir’s business model. He stated that AI needs private enterprise data, not just public web data, to reach its full potential.
Analyst Expectations and Investor Activity
Analysts are forecasting third-quarter earnings of $0.15 per share on revenue of $1.09 billion. These numbers will be closely watched when the company reports after market close on November 3.
Some institutional investors have trimmed their positions recently. JPMorgan and T. Rowe Price are among those who have reduced holdings even as the stock continues climbing.
Stock split speculation has emerged as shares trade near $200. Some market watchers believe a split could improve liquidity and make shares more accessible to retail investors.
Analyst opinions remain divided on the stock’s valuation. Bulls point to Palantir’s AI Platform and data integration capabilities as competitive advantages in a fast-growing sector.
Bears argue that the current valuation already prices in several years of perfect execution. Any miss on expectations could trigger a sharp pullback.
Management has cautioned that increased hiring and investment spending could pressure margins in the near term. This guidance adds another variable for investors to consider heading into the earnings report.
The company’s commercial segment continues to gain traction with major enterprises. This diversification away from government contracts represents a key part of the growth story.
Wall Street will be watching for any updates on revenue guidance and margin outlook when Palantir reports on November 3.
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