What is the new government contract with Palantir?
Palantir has inked a contract with the U. S. Army worth up to $10 billion to meet growing warfare demands over the next decade. As part of the deal, Palantir will help the military streamline efficiencies while preparing for threats, consolidating 75 total contracts into one enterprise deal, the release states. Analysts expect Palantir’s annual revenue growth to be 38. At this rate, its yearly sales would grow to $21 billion by 2030. If its P/S remains constant, Palantir’s market cap will be about $2 trillion.Palantir has long relied on government contracts, but a new source of growth has emerged. The company’s revenue has taken off since the release of its artificial intelligence-driven software system.Its market cap is around $440 billion, meaning that Palantir would only need to rise another 14% to reach a valuation north of $500 billion. Based on its performance, that doesn’t seem like much of a stretch at all this year.
What is the 10 year contract for Palantir?
By now, you’ve probably heard the news: Last month, rising defense technology star Palantir Technologies (NASDAQ: PLTR) won a $10 billion contract from the U. S. Army, consolidating 75 separate, smaller contracts into a single award, guaranteeing Palantir about $1 billion in annual revenue for the next 10 years. Palantir Technologies Inc. NASDAQ:PLTR) is one of the stocks Jim Cramer highlighted in light of the Fed rate cut. Cramer noted that the company “makes a lot of money,” as he remarked: “Now, I’d emphasize going after the ones that are already winning for this year.The most bullish estimates for PLTR stock project it to reach $500 within the next few years. That would be almost 3x the current price, but that may not be enough for growth investors. At the same time, institutional investors are continuing to buy Palantir stock, which is likely to give it a higher floor.Thiel’s biggest source of wealth, however, comes from his stake in Palantir Technologies (NASDAQ: PLTR), which he co-founded after selling PayPal. His shares of the AI stock are worth about $12.At its current value, Palantir Technologies (NASDAQ: PLTR), an artificial intelligence (AI) data analytics company, doesn’t look like it will join the trillion-dollar club in the near future. It’s worth $410 billion (as of this writing), meaning it would need to more than double.
Will Palantir make millionaires?
Key Data Points Palantir has absolutely trounced the S&P 500’s return in the last year, with a gain of 160% versus the S&P 500’s 17%. Since its IPO in 2020, Palantir has increased by 1,770%, which means that anyone who invested $60,000 or more then would already be a millionaire. It’s unlikely that a $10,000 investment in Palantir today will make you a millionaire.
Is Palantir worth investing in 2025?
The stock has added 150% in 2025, and most Wall Street analysts expect more gains in the coming months. Palantir’s median target price of $200 per share implies 6% upside from its current share price of $188. Palantir’s stock appears overvalued According to Yahoo! Finance, the average analyst has a $252 one-year price target on Nvidia’s stock, up from its price of $185 at this writing. That makes it a strong buy or buy for nearly every analyst that follows the stock. Palantir isn’t as favored.The sale came as Palantir’s share price began to weaken following a strong rally earlier in the year. Although Wood has long been seen as a strong supporter of Palantir’s data-driven software platform, this latest move suggests a cautious adjustment amid rising valuations in AI stocks.Palantir’s stock appears overvalued According to Yahoo! Finance, the average analyst has a $252 one-year price target on Nvidia’s stock, up from its price of $185 at this writing. That makes it a strong buy or buy for nearly every analyst that follows the stock. Palantir isn’t as favored.Here’s the big picture: Palantir has consistently delivered strong financial results in recent years, and investors have good reason to think that will continue. The AI platform market is forecast to expand at 38% annually through 2033, according to Grand View Research.