Key Stats for Palantir Stock
- YTD Price Change for Palantir stock: 145%
- $PLTR Share Price as of Dec. 29: $184
- 52-Week High: $208
- $PLTR Stock Price Target: $187
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What Happened?
Palantir (PLTR) stock has been on an absolute tear in 2025, climbing roughly 150% year-to-date and cementing its status as one of the hottest AI plays in the market.
The surge accelerated after the company’s third-quarter earnings report in early November, when Palantir delivered results that even skeptical Wall Street analysts found shocking.
The Denver-based data analytics company reported revenue of $1.18 billion for Q3, representing 63% growth from the prior year. But the real standout was U.S. commercial revenue, which exploded 121% to $397 million.
The company also beat earnings expectations, posting adjusted earnings of $0.21 per share versus the $0.17 per share analysts expected.
Palantir secured a massive $10 billion deal with the U.S. Army in July 2025, while its commercial client roster includes prominent names such as Airbus, Morgan Stanley, and Merck.
Recent partnerships with Nvidia and CenterPoint Energy through the Chain Reaction initiative are positioning Palantir to address critical bottlenecks in AI infrastructure.
Retail investors have poured nearly $8 billion into Palantir stock in 2025, making it the fifth-most purchased security on a year-to-date basis, according to VandaTrack data. That’s an 80% increase from 2024 and a 400% jump from 2023.
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What the Market Is Telling Us About PLTR Stock
The market’s response to Palantir has been split down the middle. Retail investors see a generational AI opportunity, while institutional investors are holding off on valuation concerns.
Palantir stock currently trades at a trailing price-to-earnings ratio of 425x, far above that of typical software companies.
Some big-name investors have been trimming positions. Stanley Druckenmiller completely exited his stake between mid-2024 and March 2025, while Cathie Wood’s Ark Invest sold roughly 9 million shares over five quarters.
But not everyone is bearish. Wedbush analyst Dan Ives maintains an outperform rating with a $230 price target and believes Palantir could hit a $1 trillion valuation within 2-3 years. After attending a recent Palantir customer event, Ives said he came away “incrementally more bullish” on the company’s prospects.
“Palantir continues to see unprecedented demand for AIP, especially across US commercial,” Ives wrote in a December research note. He added that many prospective customers were surprised by Palantir’s demonstrations, suggesting the market still underestimates the technology’s scope.
The company’s CEO has cultivated a loyal retail following by directly addressing individual investors on earnings calls and in social media videos.
This has created a WallStreetBets favorite, with retail traders showing conviction that institutional investors lack. As one LA-based investor holding $25,000 in Palantir stock put it: “I just have that conviction that it’s going to do well.”
The fundamental question remains whether Palantir stock can justify its premium valuation through continued execution. The company has raised guidance multiple times in 2025, and its Rule of 40 score hit an unprecedented 114% in Q3.
For now, retail investors are betting that AI adoption is still in the early innings and that Palantir’s platform will become indispensable across industries
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
