What Happened?
Shares of data analytics company Palantir Technologies (NASDAQ: PLTR) jumped 6.9% in the afternoon session after the stock's positive momentum continued as the company reported strong third-quarter results, which led to a raised full-year sales outlook. In its third quarter, Palantir's revenue increased by 63% compared to the same period in the previous year, reaching a record $1.2 billion. This robust performance prompted the company to increase its sales projection for the full year to $4.4 billion. If achieved, this would represent substantial growth from the $2.9 billion reported in 2024. The impressive results also captured the attention of analysts, with some firms viewing the company's performance favorably. For instance, Bank of America issued a "Buy" rating, and Piper Sandler gave an "Overweight" rating following the financial update.
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What Is The Market Telling Us
Palantir Technologies’s shares are extremely volatile and have had 46 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 6 days ago when the stock dropped 7.2% on the news that the company reported third quarter results, with lofty expectations and a significant run-up heading into the prints making it hard for the stock to impress Wall Street. Management attributed the quarter’s strong results to rapid expansion in the U.S. commercial segment, especially as more enterprise clients accelerated adoption of the AIP (Artificial Intelligence Platform). CEO Alex Karp and Chief Revenue Officer Ryan Taylor noted a significant increase in large, organization-wide deals, highlighting the urgency among customers to transform operationally with AI. Taylor emphasized that “customers are converting to larger enterprise agreements in short time frames,” reflecting a shift toward broader AI deployments across entire businesses. Looking forward, Palantir’s raised guidance relies on continued momentum in enterprise AI adoption, particularly in the U.S. The company expects its AIP to remain a central growth engine, as organizations increasingly seek to integrate advanced AI capabilities into core operations.
Palantir Technologies is up 155% since the beginning of the year, and at $191.71 per share, it is trading close to its 52-week high of $207.18 from November 2025. Investors who bought $1,000 worth of Palantir Technologies’s shares 5 years ago would now be looking at an investment worth $13,694.
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