Overview
- Analyst Clarke Jeffries at Piper Sandler lifted Palantir’s target to $201 with an Overweight rating, citing more than $7 billion in defined contracts, roughly $4 billion in IDIQ pipeline, and triple‑digit growth in commercial bookings.
- Shares are up roughly 138% year to date and trade at steep multiples, with one estimate at about 395 times forward earnings, leaving little room for execution missteps despite accelerating AIP‑driven growth.
- The DJS Law Group opened a securities‑law investigation on Oct. 13 following a Reuters report on an internal Army memo that flagged security risks in a battlefield communications prototype; Palantir said no vulnerabilities were found in its platform.
- Palantir’s AIP continues to expand in regulated sectors, including a newly announced OneMedNet partnership integrating AIP to power healthcare real‑world data analytics across a large provider network.
- Broader market context shows AI spending viewed as sustainable by major banks with estimates of up to an $8 trillion opportunity, even as Sam Altman cautions about bubble‑like enthusiasm and JPMorgan tallies $5 trillion in wealth gains tied to top AI stocks.