Overview
- Palantir shares rose about 9% over five trading days and roughly 17% across a month as Middle East conflict refocused investors on defense AI providers.
- The Department of Defense ordered a six‑month phase‑out of Anthropic’s models, a move analysts say could redirect federal AI workloads to Palantir, with Rosenblatt boosting its target to $200 and Piper Sandler reiterating $230.
- Reports say U.S. operations targeting around 1,000 sites in Iran used Palantir software to coordinate strikes, though official confirmation remains limited.
- The company posted strong numbers and outlook, with quarterly revenue up 70% year over year to $1.41 billion and 2026 guidance around $7.19 billion, or about 61% growth.
- Large government work underpins demand and the valuation debate, including a reported $10 billion Army framework, a $448 million Navy contract, and a DLA‑awarded GE Aerospace partnership, while price targets span roughly $46 to $260.