Raytheon awarded $71 million in Navy contracts for missile systems
Investing.com - Wedbush maintained its Outperform rating and $160 price target on Palantir Technologies Inc . (NASDAQ:PLTR) following the company’s third-quarter fiscal 2025 results that exceeded analyst expectations. According to InvestingPro data, PLTR has demonstrated impressive financial health with a "GREAT" overall score and remarkable YTD returns of 104%.
Palantir raised its full-year 2025 revenue guidance to between $4.142 billion and $4.150 billion, up from its previous forecast of $3.890 billion to $3.902 billion, and significantly above the Street consensus of $3.900 billion.
The company now projects 85% year-over-year growth in its U.S. commercial business, an increase from its prior guidance of 68%, driven by strong adoption of its Artificial Intelligence Platform (AIP) among enterprise and federal customers.
Palantir also raised its adjusted operating income forecast to between $1.912 billion and $1.920 billion, up from $1.711 billion to $1.723 billion previously, while free cash flow expectations increased to $1.800 billion to $2.000 billion from $1.600 billion to $1.800 billion.
Wedbush identified Palantir as one of its top technology investment picks for 2025, citing the company’s ability to balance investments in engineering talent and product development with initiatives to expand its bottom line.
In other recent news, Palantir Technologies Inc. has been awarded a significant $100 million contract from the U.S. Army for the Next-Generation Command and Control platform prototype. This contract is part of the U.S. Army’s high-priority projects, with the Department of Defense seeking $3 billion in funding for further development by fiscal 2026. Additionally, Palantir has entered into a two-year agreement with Knightscope Inc., which allows Knightscope to join Palantir’s FedStart program, facilitating its entry into the U.S. federal marketplace.
Furthermore, Palantir has established a strategic partnership with Accenture (NYSE:ACN) Federal Services to deploy AI-powered solutions for U.S. federal government customers. In analyst news, Wedbush has raised its price target for Palantir to $160, maintaining an Outperform rating due to confidence in Palantir’s artificial intelligence strategy. Palantir has also partnered with Tomorrow.io to integrate weather data and predictive insights into its platforms, enabling automated weather-based decision-making across various sectors. These developments reflect Palantir’s ongoing expansion and strategic collaborations in the defense and government sectors.
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