PLTR stock doubled in price recently, exceeding analyst expectations. While some experts consider it overvalued, others believe its role in government contracts and AI-powered governance systems could drive further growth.
, PLTR shares doubled in price, from $50.92 to present $103.33 per share. This new price level, surging from the low 80s, happened on Monday, just after the
Year-over-year, Palantir’s revenue generation increased by 36% in Q4, an improvement from 30% in Q3. Indicatively, the commercial division showed greater revenue acceleration, by 64% yoy to $214 million. However, Palantis government contracts still make the bulk of sales at $343 million, which is a 45% yoy uptick.
“We have the products and reach of an established incumbent and the speed, growth, and agility of an insurgent startup.” With President Trump resuming his 2nd term, in alliance with Elon Musk, there is now more emphasis on a robust technology for governance systems. And Palantir is at the center of it. Together with Palantir CEO Alex Karp and Anduril co-founder Palmer Luckey , Elon Musk’s DOGE efforts appear to be the backbone of the new realignment of networked power.
At present, it seems that the Trump admin views much of the federal apparatus as a liability that serves its own ends. It is then easy to see how Palantir’s tech will be deployed to ascertain the relevance of current governance systems.
Finance Technology PALANTIR STOCK PRICE AI GOVERNMENT CONTRACTS OVERVALUATION
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