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Palantir Technologies
(NASDAQ:PLTR)
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Rating:75Outperform
Price Target:
$127.00
▼(-13.25% Downside)
Action:Reiterated
Date:06/10/26
PLTR scores well primarily on strong financial performance (high margins, strong free cash flow, low leverage) and a very bullish earnings call with raised 2026 guidance and strong demand signals. The overall score is tempered by weak technical trend positioning (below key moving averages) and an expensive valuation (very high P/E with no dividend yield provided).
Positive Factors
Strong cash generation
Sustained high operating and free cash flow with strong multi-year growth gives Palantir durable financial flexibility. Robust FCF funds R&D, hiring, and customer expansion without reliance on new debt, supporting long-term scaling and resilience through cyclical slowdowns.
Negative Factors
Growth volatility
Historic swings in year-over-year revenue growth show Palantir can experience uneven top-line performance despite recent rebound. This variability increases execution risk for sustaining elevated growth rates and complicates long-range planning for capacity, hiring and R&D allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained high operating and free cash flow with strong multi-year growth gives Palantir durable financial flexibility. Robust FCF funds R&D, hiring, and customer expansion without reliance on new debt, supporting long-term scaling and resilience through cyclical slowdowns.
Read all positive factors
Palantir Technologies Key Performance Indicators (KPIs)
Any
Total Customers
Shows the number of clients using the company’s services, reflecting market reach and potential for revenue growth.
Shows the number of clients using the company’s services, reflecting market reach and potential for revenue growth.
Data provided by:
The Fly
The FlyPalantir Technologies (PLTR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$270.73B
Dividend YieldN/A
Average Volume (3M)39.66M
Price to Earnings (P/E)120.5
Beta (1Y)2.20
Revenue Growth67.71%
EPS Growth283.83%
CountryUS
Employees4,001
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.96
Shares Outstanding2,296,071,300
10 Day Avg. Volume35,625,422
30 Day Avg. Volume39,656,283
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)57.02
Price to Sales (P/S)94.11
P/FCF Ratio200.51
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue57.01
Enterprise Value/Gross Profit67.82
Enterprise Value/Ebitda126.80
Forecast
1Y Price Target
$181.00Price Target Upside23.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
EPS Forecast (FY)1.46
Revenue Forecast (FY)$7.72B
Palantir Technologies Business Overview & Revenue Model
Company Description
Palantir Technologies Inc. engineers and deploys advanced software platforms primarily for the intelligence community, supporting counterterrorism investigations and operations across the United States, the United Kingdom, and internationally. One...
How the Company Makes Money
Palantir primarily makes money by selling subscriptions and services related to its software platforms to two main customer groups: government customers and commercial customers. Revenue is largely generated through (1) software subscriptions/lice...
Palantir Technologies Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call emphasized very strong growth, profitability, cash generation, and clear commercial and government momentum driven by the AIP platform, with multiple large bookings, raised guidance, and significant operational impacts cited. Key risks include rising expenses as the company invests in talent and product, capacity constraints as demand outpaces supply, concentration in the U.S., and timing/appropriations risk for government programs. On balance, the positives (record growth, margin strength, cash flow, and deal momentum) materially outweigh the manageable risks.Positive Updates
Record Revenue Growth
Total revenue of $1.633 billion in Q1 2026, up 85% year-over-year and 16% sequentially — the highest reported YoY growth rate as a public company.
Negative Updates
Rising Operating Expenses and Hiring Investment
Adjusted operating expenses were $649 million, up 32% year-over-year and 7% sequentially, driven by continued investment in the AI platform and technical hiring. Management expects expenses to ramp through 2026.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Revenue Growth
Total revenue of $1.633 billion in Q1 2026, up 85% year-over-year and 16% sequentially — the highest reported YoY growth rate as a public company.
Read all positive updates
Company Guidance
The company raised full-year 2026 guidance to revenue of $7.65–$7.662 billion (midpoint $7.656B), implying ~71% year‑over‑year growth and a ~10% increase versus last quarter’s guidance, and provided quarter and annual profit and cash targets: Q2 revenue of $1.797–$1.801 billion with adjusted income from operations of $1.063–$1.067 billion; full‑year adjusted income from operations of $4.44–$4.452 billion; adjusted free cash flow of $4.2–$4.4 billion; and U.S. commercial revenue “in excess of $3.224 billion” (at least 120% growth). Management also said they expect GAAP operating income and net income in each quarter and that the 2026 guidance implies a full‑year Rule of 40 score of 129%.Palantir Technologies Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.22B | 4.48B | 2.87B | 2.23B | 1.91B | 1.54B |
| Gross Profit | 4.39B | 3.69B | 2.30B | 1.79B | 1.50B | 1.20B |
| EBITDA | 2.35B | 1.68B | 520.76M | 273.92M | -334.45M | -469.96M |
| Net Income | 2.28B | 1.63B | 462.19M | 209.82M | -373.70M | -520.38M |
Balance Sheet | ||||||
| Total Assets | 10.20B | 8.90B | 6.34B | 4.52B | 3.46B | 3.25B |
| Cash, Cash Equivalents and Short-Term Investments | 8.03B | 7.18B | 5.23B | 3.67B | 2.63B | 2.52B |
| Total Debt | 211.98M | 229.34M | 239.22M | 229.39M | 249.40M | 260.07M |
| Total Liabilities | 1.64B | 1.41B | 1.25B | 961.46M | 818.80M | 956.42M |
| Stockholders Equity | 8.45B | 7.39B | 5.00B | 3.48B | 2.57B | 2.29B |
Cash Flow | ||||||
| Free Cash Flow | 2.69B | 2.10B | 1.14B | 697.07M | 183.71M | 321.22M |
| Operating Cash Flow | 2.72B | 2.13B | 1.15B | 712.18M | 223.74M | 333.85M |
| Investing Cash Flow | -1.42B | -2.78B | -340.65M | -2.71B | -45.43M | -397.91M |
| Financing Cash Flow | 5.38M | -26.91M | 463.36M | 218.84M | 86.00M | 306.75M |
Palantir Technologies Technical Analysis
Negative
146.39
Price Trends
136.46
Negative
140.04
Negative
158.85
Negative
Market Momentum
-7.02
Positive
34.51
Neutral
10.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLTR, the sentiment is Negative. The current price of 146.39 is above the 20-day moving average (MA) of 132.18, above the 50-day MA of 136.46, and below the 200-day MA of 158.85, indicating a bearish trend. The MACD of -7.02 indicates Positive momentum. The RSI at 34.51 is Neutral, neither overbought nor oversold. The STOCH value of 10.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PLTR.
Palantir Technologies Risk Analysis
Palantir Technologies disclosed 83 risk factors in its most recent earnings report. Palantir Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Palantir Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $247.92B | 278.99 | 6.30% | ― | 19.51% | -33.05% | |
76 Outperform | $178.47B | -3,910.05 | -0.58% | ― | 23.17% | 73.54% | |
76 Outperform | $25.26B | -940.70 | -0.99% | ― | 23.64% | 68.36% | |
75 Outperform | $270.73B | 120.52 | 32.18% | ― | 67.71% | 283.83% | |
68 Neutral | $21.39B | -286.67 | -3.71% | ― | 24.61% | -91.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $427.84B | 24.88 | 50.38% | 1.00% | 17.35% | 32.98% |
* Technology Sector Average
PLTR
Palantir Technologies
115.70
-20.62
-15.13%
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Palantir Technologies Corporate Events
Executive/Board ChangesShareholder Meetings
Palantir Shareholders Back Management, Reject ESG Proposals
Positive
Jun 9, 2026
On June 3, 2026, Palantir Technologies held its 2026 annual meeting of stockholders, where shareholders elected all nominated directors, including CEO Alexander Karp and co-founder Peter Thiel, to serve until the next annual meeting. The meeting a...
Business Operations and StrategyFinancial Disclosures
Palantir Soars on Q1 Revenue Surge and Raised Guidance
Positive
May 4, 2026
On May 4, 2026, Palantir reported that first-quarter 2026 revenue rose 85% year over year to $1.63 billion, powered by a 104% surge in U.S. revenue and record profitability metrics, including a Rule of 40 score of 145% and GAAP net income margin o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.