U.S. Army halts in-house data platform, potentially boosting Palantir's revenue

From StockTwits: 2025-03-30 23:16:00

The U.S. Army has put plans to develop an in-house data platform on hold, potentially saving Palantir’s contract generating $115M in annual revenue. William Blair predicts the army may stick with Palantir’s Vantage platform, leading to an estimated revenue of $690 million over four years. Palantir’s stock fell 4.71% to $85.85 due to broader market weakness and cautious comments from Goldman Sachs. Despite a 32% pullback, Palantir stock is up 13% year-to-date. Analysts caution on valuation, citing the company’s reliance on domestic customers. Sentiment on Stocktwits remains neutral, with a bullish watcher recommending buying on the dip.



Read more at StockTwits: Palantir Analyst Optimistic As Army Halts In-House Data Platform Plans Indefinitely: Retail’s Mixed