Will Recent Events Dent Palantir Technologies Stock 385% Growth?

Zinger Key PointsPalantir stock surged 79% YTD and 385% in 12 months, far outpacing S&P 500 and Nasdaq gains.Strong earnings, soaring U.S. government deals, and bullish analyst calls drive investor optimism.From tariffs to inflation, macro risks are rising—Matt Maley reveals how he’s trading it all, live this Wednesday July 9 at 6 PM ET.Palantir TechnologiesPLTRstock surged 79%year-to-date, driven by quarterly earnings, a boost in government contract revenue, and positive analyst sentiment.Palantir has far outpaced the market indices. The S&P 500 and the Nasdaq-100 (which also includes Palantir) gained 7-9% during the period. Palantir stock gained over 385% in the last 12 months, compared to the indexes’ 12-13% returns.Founded as a defense contractor, Palantir has since expanded to the private sector.Also Read:Palantir Just Teamed Up To Reinvent Nuclear Power: Here’s What’s At StakeIn May, Palantir reportedfirst-quarter revenueof $883.86 million, up 39% year over year and beating analyst estimates of $862.83 million. U.S. revenue grew 55% to $628 million.U.S. commercial revenue increased by 71% to $255 million, and U.S. government revenue rose by 45% to $373 million.Palantir’s customer count grew 39% year-over-year and 8% quarter-over-quarter. The company closed 139 deals worth over $1 million during the quarter and 51 deals worth at least $5 million.Palantir expects second-quarter revenue of $934 million-$938 million versus estimates of $899.12 million. Palantir expects full-year 2025 revenue of $3.89 billion to $3.90 billion, up from analysts’ expectations of $3.75 billion.Analyst OpinionWedbushanalyst Dan Ives expects Palantir to be atop winner inthe AI boom, calling it the “Messi of AI.” In the coming years, Ives projected that Palantir’s stock could surpass $400 and reach a $1 trillion market cap.He stated that Palantir, alongsideNvidia CorpNVDA, is a key force driving the next phase of the AI revolution.Previously, Ives had reaffirmed Palantir asa top pick, citing the North Atlantic Treaty Organization deal as a key growth catalyst. He views the agreement as a strong validation of Palantir’s expanding traction across federal and commercial sectors.Twenty-five analysts have set aconsensus price targetof $76.72 for Palantir. Loop Capital issued the highest target, $155, on June 12, 2025. Based on the latest analyst ratings, the average target of $128.67 suggests a potential downside of 3.98% from the current price.Recent EventsRecently, Palantir collaborated with BlueForge Alliance on a Navy-backed initiative todigitize and speed upU.S. warship production.The company isalso in talksto supply its technology to the Internal Revenue Service and Social Security Administration, further deepening government ties.Reportedly, Palantir has bagged over $113 million in contracts since Trump took office, excluding the $795 million DoD contract.However, it’s not all rosy about Palantir. States accused the Trump administration of illegally sharing Medicaid recipients’ health data with immigration authorities, bypassing federal privacy laws.California andother states allegedPalantir is helping the Department of Government Efficiency build a massive database of Americans’ info for immigration enforcement.Officials warned that this data sharing could discourage eligible immigrants from enrolling in Medicaid, harming public health and straining state healthcare systems.Price Action:PLTR stock is up 1.62% at $136.53 at last check Monday.Read Next:Pony.ai To Deploy Robotaxis In Dubai, Trials Begin Late 2025Photo via ShutterstockLoading...Loading...PLTRPalantir Technologies Inc$136.631.69%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum98.93Growth97.34QualityNot AvailableValue2.67Price TrendShortMediumLongOverviewNVDANVIDIA Corp$157.97-0.86%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:NewsTop StoriesMoversTechTrading IdeasBriefsStories That Matter