Latest news with #UArmy
Entrepreneur
27-05-2025
- Business
- Entrepreneur
Palantir Scores First $1 Billion Contract; Is It Priced In?
Palantir's first $1 billion contract is the latest example of how the company has managed to silence its naysayers, but may be priced into PLTR stock This story originally appeared on MarketBeat [content-module:CompanyOverview|NASDAQ:PLTR] Palantir Technologies Inc. (NASDAQ: PLTR) continues to stack up wins. One of the company's latest announcements was a $795 million contract with the U.S. Army regarding its Maven Smart System. The significance of this contract is that it's an extension to Palantir's prior $480 million contracts signed in 2024. That means that Palantir has its first $1 billion contract. Since going public via a direct listing in 2020, Palantir has had more than its share of naysayers. However, this contract is just the latest example of how the company has managed to check the boxes that, for now, have propelled the stock higher despite a lofty valuation. As the market opened on May 27, PLTR stock is more than 10% below its all-time high (ATH) of May 15, 2025. But the stock is still up 12.15% for the month, 67.2% in 2025, and over 500% in the last 12 months. Bearish investors will say that, putting the deals aside, a stock is different than a company. Their argument would be that the billion-dollar deal doesn't change the fact that Palantir stock is still expensive based on traditional metrics. It's trading at a forward price-to-earnings (P/E) ratio of over 397x and a price-to-sales (P/S) ratio of over 92x. Government Demand Is Expected to Grow The significance of the Maven Smart System contract is hard to overstate. This is a Department of Defense (DoD) initiative that highlights the Pentagon's focus on using artificial intelligence (AI) tools for data fusion and target identification. On a broader scale, investors could see this as the start of Palantir's development of an operating system for the DoD. Naysayers have been putting pressure on the stock, believing that Palantir will have contracts cut as part of the U.S. government's move towards efficiency. Those concerns appear to be shortsighted. In fact, recent statements from the DOD suggest that they foresee more use for Palantir technologies. That aligns with the Pentagon's increased budget for software licenses. Palantir is also well-positioned for the Golden Dome initiative that the Trump administration is trying to push through Congress. The Commercial Side Just Got a Lift as Well Government contracts account for about 55% of Palantir's revenue. However, the commercial side has been growing strongly in recent years. The latest example of this growth is the contract that Palantir signed with Bain & Company. Bain is an American management consulting company that 'helps the world's most ambitious change makers define the future.' The deal's financial terms were not available at the time of this writing. However, the partnership will pair Palantir's AI operating systems with Bain's deep industry expertise across multiple sectors. Momentum Traders Continue to Chase Performance [content-module:Forecast|NASDAQ:PLTR] Long-term investors may find it easier to filter out the noise surrounding Palantir and may be willing to accept a higher valuation. But what about traders? The bullish argument, for now, is that momentum traders are chasing performance. That leads them to a narrow group of technology stocks, including Palantir. The options chain for Palantir for August 15, 2025 (about 10 days after Palantir's next earnings report) shows many call options with a strike price of $150. That's not only about an 18% gain from the May 27 price, but also over 15% above the ATH. However, there are even more put options with a strike price of $115, which would decline about 9%. That could mean that traders are hedging against downside risk. Short interest, while still a small 3.3% of the float, has been on the rise. Short sellers have been burned by Palantir earnings in the past. However, they may feel more emboldened as the floor on PLTR stock continues to climb. Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
Globe and Mail
24-05-2025
- Business
- Globe and Mail
Wedbush Is Doubling Down on Palantir Stock Amid a ‘Tidal Wave' of Spending. Should You Buy PLTR Stock Now?
Palantir (PLTR) shares inched up on Friday, May 23 after the U.S. Army extended its contract for the company's Maven Smart System. The contract modification valued at $795 million reiterates PLTR's leadership position in defense contracting and its growing dominance in AI-powered military intelligence. According to senior Wedbush analyst Dan Ives, Friday's announcement offers another significant reason to remain invested in Palantir stock that's currently up more than 90% versus its year-to-date low. Wedbush Reiterates Its $140 Price Target on Palantir Stock The $795 million contract modification raises the total value of the company's Maven agreement with the U.S. Army to about $1.3 billion, which makes it Palantir's first-ever billion-dollar contract. Wedbush Securities is bullish on Friday's announcement as the extended contract will likely help accelerate PLTR's revenue from the government segment that's already been growing at a fast clip. In the first quarter, the big data analytics firm attributed $373 million of its overall revenue to the U.S. government business – up a whopping 45% on a year-over-year basis. Dan Ives currently has an 'Outperform' rating on Palantir stock with a price target of $140, which indicates potential for another 14% upside from current levels. Robust Financials Warrant Investing in PLTR Shares Following the contract modification revealed on Friday, Ives reiterated that PLTR is 'one of the top names to own' in 2025. In his research note, the analyst argued that the extended Maven agreement offers an opportunity for Palantir to 'capitalize … while continuing to generate unprecedented traction for its entire portfolio.' He recommends owning Palantir stock for the strength of its financials as well. Earlier in May, the Denver-headquartered firm raised its full-year guidance for revenue to $3.895 billion. On an annualized basis, that represents an exciting growth rate of 36%. Other Analysts Disagree With Wedbush on Palantir Investors should note, however, that other Wall Street analysts are nowhere near as bullish on Palantir stock as Wedbush Securities. The consensus rating on PLTR shares currently sits at 'Hold' only with the mean target of about $94 indicating potential downside of close to 25% from current levels.
Yahoo
24-05-2025
- Politics
- Yahoo
Sen. Dave McCormick: Memorial Day a moment to reflect
While millions of Americans focus on travel over Memorial Day weekend, many also pause to honor America's servicemembers who made the ultimate sacrifice. In this edition of The Hill's 'Office Space,' NewsNation's Jackie Koppell speaks with Pennsylvania Republican Senator Dave McCormick about his career in the U.S. Army and how it shaped his life. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Independent
14-05-2025
- The Independent
FBI says it broke up a plan to attack an Army site in suburban Detroit
A 19-year-old man was arrested after spending months planning an attack on a U.S. Army site in suburban Detroit, authorities said Wednesday. The man was planning a mass shooting at the Army's Tank-Automotive & Armaments Command in Warren, commonly known as the Detroit Arsenal, on behalf of the Islamic State group, the U.S. Attorney's Office said. But he didn't know that he had been scheming with two undercover FBI employees, who recorded audio and video images of their meetings with him, including handwritten diagrams of the site, referred by the Army as TACOM, authorities said. The plan involved sending one of the undercover agents into TACOM with Molotov cocktails and assault-style weapons, according to a court filing. 'Helping ISIS or any other terrorist organization prepare or carry out acts of violence is not only a reprehensible crime — it is a threat to our entire nation and way of life,' U.S. Attorney Jerome Gorgon Jr. said. The man, who was a recent member of the Michigan Army National Guard, was arrested Tuesday shortly after launching a drone for a final look before an attack, the FBI said in a court filing. He will make an appearance Wednesday in federal court in Detroit on charges of attempting to provide material support to a terrorist organization and distributing information related to a destructive device.
Associated Press
14-05-2025
- Associated Press
FBI says it broke up a plan to attack an Army site in suburban Detroit
DETROIT (AP) — A 19-year-old man was arrested after spending months planning an attack on a U.S. Army site in suburban Detroit, authorities said Wednesday. The man was planning a mass shooting at the Army's Tank-Automotive & Armaments Command in Warren, commonly known as the Detroit Arsenal, on behalf of the Islamic State group, the U.S. Attorney's Office said. But he didn't know that he had been scheming with two undercover FBI employees, who recorded audio and video images of their meetings with him, including handwritten diagrams of the site, referred by the Army as TACOM, authorities said. The plan involved sending one of the undercover agents into TACOM with Molotov cocktails and assault-style weapons, according to a court filing. 'Helping ISIS or any other terrorist organization prepare or carry out acts of violence is not only a reprehensible crime — it is a threat to our entire nation and way of life,' U.S. Attorney Jerome Gorgon Jr. said. The man, who was a recent member of the Michigan Army National Guard, was arrested Tuesday shortly after launching a drone for a final look before an attack, the FBI said in a court filing. He will make an appearance Wednesday in federal court in Detroit on charges of attempting to provide material support to a terrorist organization and distributing information related to a destructive device.
