Trump Praises Palantir’s War Capabilities after Burry’s Criticism, ‘Just Ask Our Enemies’

Palantir (PLTR) stock recovered some of its early losses after President Donald Trump publicly praised the AI software company’s military capabilities in a Truth Social post. He described Palantir as having “great war fighting capabilities and equipment” and added that critics should “just ask our enemies.” This came shortly after a media segment discussed investor Michael Burry’s bearish view on the stock, where concerns were raised that AI company Anthropic may be gaining an edge in enterprise AI. Because of this timing, Trump’s comments appeared to push back against the negative narrative.

Importantly, Palantir’s strong connection to the U.S. government continues to be a major part of its business. The company was founded in the early 2000s with early backing from the CIA’s investment arm. Since then, it has relied heavily on government contracts, including nearly $900 million in Pentagon work last year, as well as additional deals with agencies such as ICE and the Treasury. In addition, its Maven system is already widely used by the U.S. military to map battlefields, identify targets, and help coordinate operations in real time.

However, competition in the AI space is still intense. For example, the Pentagon recently flagged Anthropic’s technology as a potential supply chain risk after the company raised concerns about how its AI might be used, including in surveillance or weapons systems. At the same time, Palantir could benefit from deeper integration with the military, as the Pentagon is considering making its Maven system a long-term program with stable funding.

Is PLTR Stock a Good Buy?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on PLTR stock based on 14 Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average PLTR price target of $194.61 per share implies 51.8% upside potential.