Palantir Rises on DoD Anthropic Phase-Out and Reports of Military Use in Iran

Overview

• Shares gained roughly 9% over five sessions as reports said U.S. operations across about 1,000 Iranian targets relied on Palantir’s software.
• The Pentagon ordered a six-month phase-out of Anthropic’s AI models over national security concerns, creating transition work that some analysts see favoring Palantir-integrated LLMs.
• Rosenblatt raised its price target to $200 with a Buy rating, while Piper Sandler reaffirmed Overweight at $230 and cited potential near-term disruption from the Anthropic shift.
• Palantir’s latest quarter showed 70% year-over-year revenue growth to $1.41 billion, U.S. commercial revenue up 137%, guidance for more than $7 billion in 2026 sales, and a Rule of 40 score of 127%.
• Government exposure remains sizable with a reported $10 billion U.S. Army framework and a $448 million Navy contract, while valuation views diverge from Michael Burry’s $46 estimate to Bank of America’s $260 target.