Overview
- Bank of America kept a Buy rating, citing strengthening defense demand as Palantir announced a U.S. Navy partnership to deploy Foundry and AIP across the Maritime Industrial Base and renewed a three‑year contract with France’s DGSI.
- Palantir posted Q3 revenue of about $1.18 billion, up roughly 63% year over year, guided Q4 sales to $1.327–$1.331 billion, and reported 121% U.S. commercial growth with 53 deals of at least $10 million.
- The company launched Chain Reaction with Nvidia and CenterPoint Energy to speed power delivery and deployment of AI infrastructure to data centers, aligning with Deloitte’s projection that U.S. AI power needs could reach 123 GW by 2035.
- Palantir’s market value now exceeds $400 billion after gains of roughly 136% this year, extending a multi‑year surge since 2023.
- Skeptics highlight extreme valuation metrics near 120 times sales and over 250 times forward earnings and warn of a potential 2026 pullback, contrasting with bullish views that expect durable growth and margin expansion.