Since its IPO on October 2, 2020, Palantir Technologies has delivered a cumulative share gain of 1,758.37%. Over the past year, PLTR is up 146.92%, despite a rotation out of AI names that has pushed the stock down 3.80% in the last five trading sessions (and 1.68% in the prior five). Shares remain highly volatile, trading between a one-year low of $66.12 and a high of $207.52, with a 50-day moving average of $178.13 and a 200-day moving average of $172.02. Institutional ownership stands at approximately 45.65%, and insiders own 9.23% of outstanding stock.

Palantir has secured several high-value contracts in the last 18 months: a £1.5 billion defense partnership with the U.K. government signed in September 2025; a $10 billion software and data contract awarded by the U.S. Army in July 2025; a federal contract worth 'hundreds of millions' in May 2025 to build a national database; and a $30 million ICE contract for an immigration Lifecycle Operating System. In the commercial sector, Palantir signed strategic space partnerships with Voyager Space and Starlab Space in mid-2024, integrating its Foundry AI platform into planned low-Earth-orbit defense and research applications.

Palantir’s revenue has grown from $1.092 billion in 2020 to $2.870 billion in 2024, while net income swung from $1.166 billion to $0.462 billion over the same period. In Q3 2025, the company beat consensus estimates with EPS of $0.21 versus $0.17 expected and revenue of $1.18 billion versus $1.09 billion. Q1 2026 marked the seventh consecutive EPS beat and ninth in ten quarters, with a 2.52% revenue beat and a 1.11% EPS beat. Management forecasts revenue growing to $4.198 billion in 2026, rising at a compound annual rate of roughly 26% to $8.482 billion by 2030, with net income increasing from $1.465 billion to $2.990 billion and EPS climbing from $0.56 to $1.27.

Of the 17 analysts covering PLTR, the consensus rating is 'Hold' (10 Hold, 5 Buy, 2 Sell), with a median one-year target of $192.88 implying 12.8% upside. Wall Street strategists project 2026 EPS of $0.56 and revenue of $3.186 billion, supporting a year-end 2026 price target of $202.50 (18.4% upside). Longer-term forecasts envision PLTR trading near $288.00 by 2030, based on projected free cash flow approaching $5.9 billion and net income of nearly $3.0 billion.