Palantir Technologies Inc. (PLTR) Stock Price & How to Invest

Palantir Technologies provides data integration, analytics, and AI software to government and commercial customers. The company organizes around three main platforms. Gotham is the original government-focused platform used for intelligence, defense, and law enforcement analytics. Foundry is the commercial counterpart used for enterprise data integration and analytics. Apollo is the deployment platform that ships the above to customers' environments (cloud or on-premises). The newer Artificial Intelligence Platform (AIP) layers generative AI workflows on top of Gotham and Foundry data, allowing customers to build AI agents on their own proprietary data.

Government revenue (primarily US Department of Defense and intelligence community) was historically the larger segment. Commercial revenue has grown faster recently driven by AIP. Founded in 2003 by Peter Thiel, Alex Karp, Stephen Cohen, Joe Lonsdale, and Nathan Gettings. Co-headquartered in Denver, Colorado and Washington, DC. Alex Karp is CEO.

The valuation reflects extraordinary expectations for AIP-driven growth and is among the highest in software. Any AIP customer acquisition deceleration would compress the multiple sharply. Government revenue concentration with the DoD creates contract renewal risk.

27 analysts publish price targets on PLTR, averaging $191.68 against a $179.92 price as of September 2026, or +6.5%. The published targets run from $80.00 to $255.00, a wide spread, and the ratings split 21 buy, 9 hold, 2 sell. Over the last six months there have been 6 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full PLTR forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Palantir Technologies Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. AIP-driven commercial expansion. The Artificial Intelligence Platform (AIP) has driven faster commercial customer acquisition than Palantir achieved through Foundry alone. The most optimistic published target, $255.00, assumes this works close to its best case.

The case against. The valuation reflects extraordinary expectations for AIP-driven growth and is among the highest in software. The most pessimistic target, $80.00, is roughly what PLTR is worth if this bites instead.

Read the full bull and bear case on PLTR, including what would have to change to break either one. Walnut is not an investment adviser.

No. Palantir Technologies Inc. (PLTR) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Palantir Technologies Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$3.5 billion
• Operating margin: ~25% (non-GAAP); GAAP is lower
• Net income (TTM): ~$700 million (GAAP)
• EPS (TTM): ~$0.30
• P/E (TTM): ~300x (GAAP); much higher than typical software
• Price to sales: ~80x
• Dividend yield: None
• Free cash flow: ~$1.5 billion annually
• Commercial revenue growth: 50%+ year over year

Palantir trades at one of the highest valuations in software by virtually any metric. The premium reflects the AIP-driven growth story, the durable government revenue base, and the rule-of-40 financials. The multiple is sensitive to any growth deceleration; downside risk is substantial if AIP momentum slows.

If you want PLTR exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses PLTR naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to PLTR: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get PLTR exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (BULZ, AIQ, IGV), which spreads the position across many companies. Or build it into a focused thematic portfolio, so PLTR sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where PLTR fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Palantir (PLTR) blends a multi-decade US government and defense base with above-50% commercial growth from AIP, founder-led management, and rule-of-40 financials. In a portfolio it behaves as a high-multiple, high-volatility AI-software and defense-modernization position where the extreme valuation makes shares acutely sensitive to any AIP growth deceleration, so position sizing matters.

Whether PLTR is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is PLTR a buy or a sell?, and where the stock could go from here in the PLTR stock forecast.

For income investors, whether PLTR pays a dividend and how the payout looks is covered in does PLTR pay a dividend? And to weigh PLTR against a peer, read the full side-by-side comparisons: PLTR vs MSFT and PLTR vs GOOGL.