Palantir Technologies Inc. (PLTR) shares soar 1.66% on defense contracts, earnings outlook

Palantir Technologies Inc. (PLTR) shares surged 1.66% today, marking the fifth consecutive day of gains and a 26.27% increase over the past five days. The stock price reached its highest level since February 2025, with an intraday gain of 1.84%.

Palantir's strong performance in 2025 can be attributed to its robust government and commercial data analytics business. The company has seen a significant increase in revenue in recent quarters, which has further driven its stock price upward. This growth is particularly notable given the weak performance of the broader tech sector in 2025, which has been impacted by recession and trade war fears. Palantir stands out as a rare bright spot in this challenging environment.

One of the key factors contributing to Palantir's positive stock performance is the securing of new defense contracts with the U.S. and NATO. These contracts have not only bolstered the company's financial position but also reinforced investor confidence in its long-term prospects. Additionally, analysts are forecasting a 100% increase in earnings per share for Palantir’s first quarter, adding to the bullish sentiment around the stock.

Investment bank Piper Sandler has suggested that Palantir's stock could potentially retest its $125 peak in early 2025. This optimistic outlook, combined with the company's strong fundamentals and strategic partnerships, positions Palantir for continued growth and investor interest.