Palantir (NASDAQ:PLTR) In December trading, the stock posted another significant increase for the first time in a month. The company ended the period with a 12.7% increase in stock price, according to data from . S&P Global Market Intelligence.
Palantir was one of the hottest stocks of 2024, finishing with yet another straight month of double-digit gains. The company’s stock price rose along with new contract wins and reports of a potentially disruptive new partnership aimed at making waves in the industry. defense industry.
Palantir continued to rack up wins in the defense industry last month. On December 6th, Palantir announced that it has partnered with: booze allen hamilton Accelerate U.S. defense innovation. Days later, the company announced it had secured an expanded contract with the U.S. Special Operations Command to provide technology solutions and support services. The one-year contract is worth $36.8 million.
On December 18th, the following news broke out. Palantir Won an extended contract with the US military. The partnership will see the company provide services to support the Army Data Platform and is valued at approximately $400 million over four years. Terms within the agreement could result in a total contract value of approximately $618.9 million over the term. Palantir has had some big wins in the public sector, and its momentum in this space looks set to continue.
On December 22, the Financial Times published a report that Palantir and Anduril are considering forming a next-generation defense consortium. Anduril is an innovation-focused defense technology company founded by Palmer Lackey, founder of virtual reality company Oculus. meta platform Like Palantir, Anduril has already won U.S. defense contracts.
Palantir is on an incredible winning streak. The company rose 3.5% in early trading in 2025, following gains in 2024.
In addition to the new partnership and the overall excitement surrounding the artificial intelligence space, Palantir has a very promising track record. The company’s revenue for the third quarter increased 30% year-over-year to $726 million.
Meanwhile, the company’s net income more than doubled to $149.3 million, and adjusted free cash flow more than tripled to $434.5 million. With net profit margins of 20% and free cash flow margins of 60% in the third quarter, Palantir has recorded impressive levels of profitability. At the same time, the business is expanding rapidly and there is still plenty of room for long-term expansion.
