Overview

• Palantir has surged 96% year-to-date, trading near $150 after posting new intraday record highs in mid-July.
• Roughly 55% of its 2024 revenue stemmed from federal contracts with agencies including the Department of Defense, CIA and Homeland Security.
• Technical charts show a breakout from an ascending triangle pattern, projecting upside toward $195 and support floors at $125 and $107.
• Valuation remains premium, with trailing and forward price-to-earnings ratios exceeding 200, prompting close risk management.
• CEO Alex Karp’s participation alongside President Trump at a Pittsburgh energy and AI summit highlights the company’s deep political and defense-sector ties.