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Palantir Shares Surge 148% Amid Pentagon Contract, Valuation Concerns

4/13/2026

Summary

Story summary

Palantir Technologies (PLTR) saw its shares rise 148% in 2025 as it remains a key AI-driven data analytics supplier for the U.S. government, its largest customer.
A $1.3 billion contract with the Pentagon highlights Palantir's military modernization role.
Yet the forward P/E ratio remains above 111, underscoring valuation concerns.
Competition is rising, notably from Anthropic, while Palantir's private-sector AI clients drive a 137% revenue increase in that segment.

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Story summary

Palantir Technologies (PLTR) saw its shares rise 148% in 2025 as it remains a key AI-driven data analytics supplier for the U.S. government, its largest customer.
A $1.3 billion contract with the Pentagon highlights Palantir's military modernization role.
Yet the forward P/E ratio remains above 111, underscoring valuation concerns.
Competition is rising, notably from Anthropic, while Palantir's private-sector AI clients drive a 137% revenue increase in that segment.