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Palantir Draws Fresh Upgrades as New Air Force Deal Lifts Defense Credentials

Upward estimate revisions signal growing confidence despite a recent pullback.

Overview

  • Shares trade near $137, about 34% below the 52‑week high, as analysts turn more positive with Rosenblatt initiating Buy at $150 and targets including $255 at Bank of America, $195 at Mizuho, and $205 at Morgan Stanley, lifting the median to $196 (~43% upside).
  • Consensus earnings forecasts rose sharply over the past month, with 2026 and 2027 estimates up roughly 30%.
  • Palantir won a new U.S. Air Force partnership with GE Aerospace for AI‑driven logistics supporting T‑38 aircraft maintenance, adding to its defense pipeline.
  • Q4 2025 results showed revenue up about 70% to roughly $1.4 billion, non‑GAAP EPS of $0.25, and a Rule of 40 score of 127%, with U.S. commercial revenue up 137% and government accounting for about 41% of sales, up 66%.
  • The stock gained roughly 3% in premarket trading as defense‑linked names advanced on Middle East tensions, though valuation remains rich near 183x adjusted earnings and the next report is slated for May 5.