Fundamentals snapshot
PLTR · NMS · Technology · Software - Infrastructure
Current price
$135.53
52-week range
$118.93 - $207.52
Market cap
$324.91B
One-glance verdict
Fair-value range $27.62 – $44.27 (cautious → optimistic — tap the ? for the math)
Wall Street consensus: $183.73 (315.0% higher than our fair-value estimate)
Buy below $35.41 for a 20% safety cushion
Balance sheet
Net cash $7.81B. Interest coverage shows how many times profit covers the interest bill.
What stands out
Quick scan of the biggest positives and negatives from the detailed checklist below.
View 1 more in details ↓What this company does
Palantir Technologies creates powerful software that acts like a central brain for large organizations, especially government agencies and major corporations. This software connects all of a client's scattered data, helping them find hidden patterns to make critical decisions for things like national security or improving business operations. The company makes most of its money through long-term contracts that provide recurring revenue (predictable income from ongoing subscriptions), which offers stability as it works to attract more corporate customers.
Palantir was founded in 2003 by a group including Peter Thiel, with early investment from the CIA's venture capital arm, In-Q-Tel. The company's initial focus was on building software to help U.S. intelligence agencies connect and analyze different data sources to find hidden patterns and threats, inspired by PayPal's fraud detection systems. A key turning point was a 2016 lawsuit victory against the U.S. Army, which established a precedent for the government to consider commercially available software. After years of operating as a private, and often secretive, contractor for government agencies, Palantir went public in 2020 through a direct listing on the New York Stock Exchange, which brought more transparency to its operations. The company achieved its first full year of profitability in 2023 and was included in the S&P 500 index in 2024, marking its transition into a major publicly traded software company.
Palantir is a software company that specializes in big data analytics. It provides platforms that act as an operating system for an organization's data, allowing them to bring together vast and disconnected information into one place to make sense of it all. Think of it as a powerful tool that can take data from spreadsheets, sensor feeds, and various other systems, and create a unified view to help users find connections and make better decisions. Palantir doesn't sell data; it sells the software that enables organizations to analyze their own data securely. Their products are used by government agencies for intelligence and defense, and by commercial companies in industries like healthcare, manufacturing, and finance to improve their operations.
This is Palantir's original and largest business line, making up a little over half of the company's revenue. The primary product for this segment is Palantir Gotham, a platform used by defense and intelligence agencies for mission planning and investigations. Government clients, like the U.S. Department of Defense and other law enforcement agencies, pay to use Gotham to integrate massive, different types of data—like satellite imagery and reports—to identify threats and coordinate responses. This software helps analysts connect seemingly unrelated pieces of information to uncover networks and inform military operations.
This segment serves private sector companies and represents a fast-growing portion of Palantir's business, making up nearly half of its revenue. The main product here is Palantir Foundry, which acts as a central operating system for a company's data. Businesses in industries like aerospace, healthcare, and finance pay for Foundry to connect their siloed data and create a single, reliable source of information. This allows them to do things like predict when machinery needs maintenance, manage complex supply chains, or optimize manufacturing processes.
Palantir's current major focus is on its Artificial Intelligence Platform (AIP), which allows organizations to securely use large language models (the technology behind chatbots) on their own private data. The company is betting that businesses will want to use AI to not just analyze information, but to take action and automate complex operational decisions. To accelerate this, Palantir is running intensive workshops called "AIP Bootcamps" to help potential customers quickly build and test AI solutions for their specific problems. Management has also emphasized a strategy of making their software easier to deploy across different environments, from cloud servers to the battlefield, through a product called Apollo, aiming to become the central operating system for large organizations.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
Wall Street consensus is the average analyst price target: $183.73 (315.0% higher than our fair-value estimate).
Buy below $35.41 for a 20% safety cushion. That means buying at least 20% below our fair value, as a buffer in case our estimate turns out too rosy.
Our most-likely fair value is $44.27 a share — about 67.3% below today's price of $135.53, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Net cash $7.8B - more cash than debt. Interest coverage 407.5x.
Palantir Technologies Inc.'s profit covers its interest bill about 407.5 times over. which is stronger than every peer shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Total debt $211.98M Interest coverage 407.50x This is the baseline the peer rows are being compared against.
Total debt $2.77B Interest coverage -172.95x -100% vs PLTR This peer has almost no interest-payment cushion compared with PLTR.
Total debt $2.43B Interest coverage 79.30x -81% vs PLTR Carries about 5.1x less debt cushion than PLTR.
Total debt $6.67B Interest coverage 33.10x -92% vs PLTR Carries about 12.3x less debt cushion than PLTR.
What you should know
The numbers
Tap any ? icon to learn what it means.
Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know