TLDR
- Palantir (PLTR) hit a new all-time high of $146.88 on Monday, breaking above its previous record of $144.25 from June 26
- The stock has gained 410% over the past year and doubled since Trump’s inauguration in January 2025
- Wedbush analyst Daniel Ives raised his price target to $160, calling Palantir “one of the best AI plays in the world”
- Government AI spending surge expected to benefit Palantir through defense and energy contracts under Trump administration
- The company’s low-code AI platform differentiates it from competitors by making AI accessible to non-technical users
Palantir Technologies stock broke through to fresh record territory on Monday morning, climbing as high as $146.88 and surpassing its previous closing record of $144.25 set on June 26. The data analytics company snapped a two-day losing streak with the 4% gain.
The stock closed Monday’s session at $146.37, marking a 3% increase for the day. This latest surge extends Palantir’s remarkable run, with shares gaining approximately 410% over the past 12 months.
The company’s valuation has received a major boost since Donald Trump took office in January 2025. Palantir’s stock price has doubled since Inauguration Day as the U.S. government increasingly adopts its technology platforms.
Year-to-date performance shows PLTR has gained around 97%, making it one of the standout performers in the technology sector. The momentum appears to be building rather than slowing down.
Palantir develops software that integrates data from multiple sources into unified dashboards. This allows analysts to visualize complex information and supports decision-making processes across various sectors.
The company’s core technology has found particular favor with government agencies. Its platforms are already deployed by U.S. military forces, NATO partners, and major energy companies.
Government Spending Tailwinds
U.S. government revenue for Palantir grew 45% year-over-year in Q1 2025. The company continues securing major contracts with defense and intelligence agencies across the federal government.
Palantir plays an active role in key federal AI initiatives. These include the U.S. Navy’s technology modernization program and Project Stargate, a national security-focused AI initiative.
The company sits at the intersection of two areas where President Trump plans major spending increases: defense and energy infrastructure. The proposed “Big, Beautiful Bill” for infrastructure and national security could create additional contract opportunities.
Defense spending priorities and energy sector investments align well with Palantir’s existing capabilities. The company’s software already serves both sectors extensively.
Analyst Optimism Grows
Wedbush analyst Daniel Ives recently raised his price target for PLTR to $160, the highest on Wall Street. He maintained his Buy rating while increasing his target from previous levels.
The new price target suggests more than 7% upside potential from current trading levels. Ives described Palantir as “one of the best AI plays in the world.”
The analyst believes Palantir could eventually reach a $1 trillion valuation. He acknowledged the stock trades at expensive multiples but sees long-term AI potential justifying current prices.
Ives thinks Wall Street underestimates Palantir’s U.S. commercial AI platform potential. He projects the AIP platform could generate over $1 billion in annual revenue within the next few years.
Competitive Advantages
Palantir’s AI platform distinguishes itself through user-friendly design that doesn’t require technical expertise. The low-code approach makes AI tools accessible to broader business audiences.
The platform enables rapid development and deployment of AI applications across multiple industries. Strong security features and customization options create barriers for competitors trying to match its capabilities.
As businesses increasingly seek simple yet powerful AI solutions, Palantir’s positioning appears advantageous. The company’s approach to democratizing AI usage sets it apart in a crowded market.
Wall Street maintains a Hold consensus rating on PLTR stock based on recent analyst reviews. The average price target of $106.71 suggests potential downside of 28.5% from current levels, though this reflects the stock’s rapid recent gains.
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