Palantir Eyes $140 On $1.3 Billion Army Deal
Wedbush kept its Outperform rating after Palantir secured a $795 million extension for its Maven Smart System, bringing the total U.S. Army deal to about $1.3 billionits first-ever billion-dollar contract. Analysts led by Daniel Ives say this cements Palantir's role in defense data fusion and target ID, with the prior May 2024 award worth $480 million.
Warning! GuruFocus has detected 8 Warning Signs with RUN.
Beyond Maven, Palantir just landed a $30 million ImmigrationOS system for ICE. Wedbush highlights that these AI-driven, mission-critical deployments align perfectly with government mandates to do more with fewer resources, insulating defense budgets even as overall spending tightens.
Wedbush also flags President Trump's Golden Dome missile defense projecta $175 billion Iron Dome-style programwith $25 billion earmarked for 2026. Ives expects Palantir to play a starring role in that initiative alongside its existing pipelines.
Why It Matters: Robust, recurring defense contracts underpin Palantir's growth story, strengthening the case for a $140 share price as AI spending accelerates.
This article first appeared on GuruFocus.
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