"Last week, shares of Palantir Technologies Inc. (NASDAQ:PLTR) lost 6.47% over past five trading sessions after losing 5.48% the five prior. Despite the past few weeks' AI-fueled sell-off, the stock remains up 10.959% in 2025. Over the past year, PLTR is up 143.76%, and since going public on Oct. 2, 2020, it has gained an eye-popping 1,612.93%. When Palantir reported Q3 earnings on Nov. 3, it topped quarterly estimates and issued strong guidance, assigning its strong growth to adoption of its AI software platforms."
"The company beat on the top and bottom lines, with EPS of 21 cents versus 17 cents expected, and revenue of $1.18 billion versus $1.09 billion expected. Earlier in September, the company announced a new defense partnership with the U.K. government valued at £1.5 billion. 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). The ICE contract, which is said to be worth $30 million, will be used to create an immigration Lifecycle Operating System to be used in deportations."
Palantir Technologies' share price experienced recent pullbacks but remains substantially higher year-to-date and since its 2020 IPO. The company reported Q3 results that exceeded estimates, with EPS of $0.21 versus $0.17 expected and revenue of $1.18 billion versus $1.09 billion expected, citing AI platform adoption as a growth driver. Palantir secured significant government contracts, including a £1.5 billion U.K. defense partnership, a $10 billion U.S. Army deal, and federal contracts related to immigration and national databases. Big Data market forecasts project strong expansion, and Palantir is positioned as a major industry player founded by Peter Thiel. Data-driven medium-term stock projections remain limited.
Read at 24/7 Wall St.
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