Wedbush Securities senior analyst Dan Ives included Palantir Technologies among his five must-own tech names into 2026, notably excluding fellow AI leader Nvidia. Ives cited Palantir’s accelerating commercial traction and robust pipeline of government and enterprise contracts as key factors. This endorsement from a high-profile AI strategist underscores growing Wall Street confidence in Palantir’s ability to sustain outperformance amid broader profit-taking pressures in the sector.

In early November, Palantir reported third-quarter revenue of $1.18 billion—8 percent above consensus—and non-GAAP EPS of $0.21, topping forecasts by four cents. The company guided fourth-quarter revenue growth of approximately 12.5 percent sequentially, reflecting ongoing adoption of its AI software platforms. Palantir has now beaten both top-line and bottom-line estimates in nine of the last ten quarters, driving a 151 percent share gain in 2025 and establishing a streak of strong earnings surprises that bolsters investor confidence heading into 2026.

Palantir has secured a series of high-value agreements this year, including a £1.5 billion defense partnership with the U.K. government and a $10 billion software and data contract with the U.S. Army. Earlier federal awards include a $30 million immigration-tracking system for U.S. Immigration and Customs Enforcement. These deals, combined with modular commercial offerings on Foundry and Gotham, have driven government-sourced revenue past $1.2 billion in 2023 and positioned Palantir to capitalize on an estimated Big Data market expanding from $220 billion in 2023 to over $400 billion by 2028.