By Leo Sun
Publication Date: 2026-03-10 19:36:00
Palantir (PLTR 2.92%), a developer of data mining and analytics services for government agencies and enterprise clients, went public via a direct listing in September 2020. It started trading at $10, but it’s worth about $150 per share as of this writing.
From 2021 to 2025, Palantir’s revenue tripled from $1.5 billion to $4.5 billion. It also turned profitable in 2023, and its net income rose nearly eightfold to $1.6 billion over the following two years. That explosive growth was fueled by new contracts for the U.S. government and the expansion of its commercial business. By aggregating data from disparate sources, Palantir helps those clients spot trends, predict outcomes, and make more informed decisions.
Image source: Getty Images.
From 2025 to 2028, analysts expect Palantir’s revenue and EPS to grow at CAGRs of 49% and 53%, respectively. The growth of its U.S. commercial business, new U.S. government contracts to address intensifying geopolitical conflicts, and the expansion…
