Palantir’s Stock Surges 368% in a Year, Driven by AI Growth and Strong Q4 Results

The software firm exceeded revenue expectations, fueled by demand for its AI platform across commercial and government sectors.

Palantir's Q4 2024 revenue grew 36% year-over-year to $828 million, surpassing analyst expectations by $52 million.
The company's U.S. commercial revenue increased 64%, while U.S. government sales rose 45%, highlighting robust demand for its AI-driven solutions.
Palantir forecasts 2025 revenue of $3.75 billion, exceeding analysts' estimates by $230 million, with AI adoption driving growth.
Wall Street analysts remain divided on the stock's valuation, with some upgrading their targets while others caution it may be overvalued at 50x projected 2026 sales.
Key growth drivers include expanded contracts with the U.S. Army and Special Operations Command, as well as partnerships with Anthropic and Anduril Industries to advance AI applications in defense.