Overview
- Palantir won a roughly $448 million Navy contract to manage the nuclear-submarine supply chain, with potential expansion to other maritime programs noted by the service.
- William Blair reaffirmed a Market Perform rating following the award, citing the contract’s scale yet flagging valuation and growth considerations.
- December updates also included reports of new U.S. Army and Navy work, reinforcing Palantir’s defense footprint alongside its commercial push.
- Operational momentum remains strong, with Q3 revenue up 63% year over year and independent research such as Forrester ranking Palantir highly in AI/ML platforms.
- Skepticism persists as shares trade at steep multiples, including a trailing P/E near 427, and RBC set a $50 target implying about 72% downside while bulls point to a Rule of 40 score around 114%.