Overview
- Palantir reported Q4 2025 revenue of $1.407 billion, up 70% year over year, with non-GAAP operating profit of $798 million and a 56.8% margin.
- U.S. commercial revenue jumped 137% to $507 million in the quarter, underscoring accelerating enterprise adoption of Palantir’s AI platforms.
- Baird and HSBC upgraded the stock to Buy with price targets of $200 and $205, respectively, as analysts raised free-cash-flow outlooks toward nearly $6 billion for 2027.
- Deutsche Bank increased its target to $200 but kept a Hold rating, pointing to rich valuation near 70x EV/unlevered FCF excluding stock-based compensation, or roughly 93x including it.
- DA Davidson cut its target to $180 and maintained a Neutral stance, and Deutsche Bank highlighted a $7.2 billion cash balance alongside a modest $75 million 2025 buyback.