From Nasdaq: 2025-01-04 16:01:13

In December, Palantir (NASDAQ: PLTR) stock saw a 12.7% increase, adding to its strong gains throughout 2024. The company secured new contracts and partnerships in the defense industry, boosting its share price further. Palantir partnered with Booz Allen Hamilton and U.S. Special Operations Command, with contracts worth millions of dollars. The company also won an extended contract with the U.S. Army, potentially valued at over $600 million. Palantir and Anduril are looking to form a defense consortium, signaling more growth opportunities. The company’s revenue and profitability have been increasing, though its valuation is high, which could lead to volatility.

Looking ahead, Palantir has continued to perform well in early 2025, with a 3.5% increase in its stock price. The company’s revenue and net income have been on the rise, showing strong business performance. While Palantir has great growth potential, its high valuation may lead to fluctuations in the stock price. In the long term, the company still has room for expansion and success. Palantir Technologies is proving to be a strong player in the defense industry, with new partnerships and contracts driving its growth.



Read more at Nasdaq: Why Palantir Stock Climbed 12.7% in December