Palantir (PLTR) Stock Rises 3% as Maven Contract Surges Toward $1B Annual Revenue Run-Rate

TLDR

• William Blair reiterated an Outperform rating on Palantir (PLTR), pointing to growth in its Maven Smart System (MSS) Pentagon contract.
• The Department of War program is trending toward a billion-dollar annual revenue run-rate across multiple contracts.
• A memo from Deputy Secretary Steve Feinberg called for increasing Palantir’s funding by $244 million through March 2027.
• The fiscal 2027 budget requested $2.3 billion for MSS and the Joint Fires Network.
• Palantir’s U.S. government revenue growth accelerated to 90% in Q2, up from 5% in Q4 2023.

Palantir Technologies (PLTR) is trading at $183.12, up 3.17%, as Wall Street attention turns to the company’s expanding footprint inside the Pentagon.

Palantir Technologies Inc., PLTR

William Blair analyst Louie DiPalma reiterated an Outperform rating on Palantir on Wednesday, saying the company’s Maven Smart System is “surging” toward $1 billion in annual recurring revenue.

The firm’s government contract tracker shows MSS is Palantir’s largest overall contract. DiPalma described the Pentagon as going “all in” on the platform.

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