Story perspectives

Palantir Soars 15% Amid Strong Government Contracts and AI Growth

3/13/2026

Summary

Story summary

Palantir Technologies Inc. (NASDAQ:PLTR) rose about 15% during a market downturn, boosted by government contracts that account for nearly 60% of revenue.
Rosenblatt raised its price target from $150 to $200, citing growth from government contracts and AI competition.
Palantir's software platforms are increasingly essential for decision-making in government and commercial sectors as enterprises adopt AI.
The company remains well-positioned for long-term growth in the evolving technology landscape.

1 of 1

Story summary

Palantir Technologies Inc. (NASDAQ:PLTR) rose about 15% during a market downturn, boosted by government contracts that account for nearly 60% of revenue.
Rosenblatt raised its price target from $150 to $200, citing growth from government contracts and AI competition.
Palantir's software platforms are increasingly essential for decision-making in government and commercial sectors as enterprises adopt AI.
The company remains well-positioned for long-term growth in the evolving technology landscape.