Fahad Saleem
2 min read
In This Article:
Palantir Technologies Inc (NASDAQ:PLTR) shares are buzzing as more and more politicians pile into the stock and the company keeps getting governmental contracts. Congressman James Comer from Kentucky bought Palantir Technologies Inc (NASDAQ:PLTR) shares worth up to $15,000 on January 21 this year. The stock is up 80% since then. Comer is Chairman of the House Oversight Committee.
A software engineer manipulating a vast network of code on virtual monitors. Palantir has so far defied conventional valuation metrics thanks to its momentum and strong growth. In Q1 2025, its US commercial revenue jumped 71% year over year, hitting a $1 billion annualized run rate, while total commercial contract value soared 183% to $810 million. Palantir posted a 44% adjusted operating margin and $370 million in free cash flow. The company secured 139 contracts over $1 million and 31 over $10 million, amid AI Platform (AIP) deployments seeing gains. U.S. government revenue, 42% of total sales, rose 45% year over year, and Palantir now supports 32 allied nations with its AI-based command platform.
Alger Mid Cap Focus Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q1 2025 investor letter:
Palantir Technologies Inc. (NASDAQ:PLTR) builds advanced platforms for data integration, management, and security, enabling interactive, AI assisted analysis for its users. Its core offerings include Palantir Gotham, designed for government clients, and Palantir Foundry, tailored for commercial customers. Originally focused on U.S. intelligence agencies, Palantir has expanded into defense contracts with western governments and entered the commercial market in 2016. During the quarter, the company reported strong fiscal fourth-quarter results, with revenues surpassing analyst estimates due to heightened demand from both U.S. commercial and government clients. Management also raised its fiscal 2025 revenue outlook, citing robust demand in its Artificial Intelligence Platform (AIP), which continues to gain adoption across various industries. Collectively, these developments drove a notable rise in Palantir’s share price, positively contributing to performance during the quarter.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
