Palantir (PLTR) Stock Hits All-Time High on Nvidia Deal as Earnings Loom

TLDR

Table of Contents

Palantir stock reached $198.39, up 162% year-to-date as Q3 earnings approach on November 3
Wedbush’s Dan Ives maintains $200 price target, sees trillion-dollar potential from AI platform growth
New partnerships with Nvidia and Snowflake expand enterprise AI capabilities and market reach
U.S. commercial revenue surging 93% year-over-year as company diversifies beyond government contracts
Analysts expect Q3 earnings of $0.15 per share on $1.09 billion revenue when results release after market close

Palantir shares hit $198.39 on Wednesday, marking a fresh all-time high for the data analytics company. The stock has gained over 162% since the start of 2025.

Palantir Technologies Inc., PLTR

The surge follows multiple partnership announcements over the past week. The Nvidia deal integrates Palantir’s Foundry platform with Nvidia’s DGX systems and enterprise AI software.

Wedbush analyst Dan Ives maintains a Buy rating with a $200 price target. He said Palantir could become the next Oracle over the coming years.

Ives believes demand for the company’s Artificial Intelligence Platform remains strong across commercial and government sectors. He expects Palantir to exceed Wall Street’s Q3 estimates when results arrive November 3.

The analyst said Palantir is improving products, hiring top talent, and expanding globally. These factors strengthen its position in the AI market.

Commercial Business Accelerates

U.S. commercial revenue is growing 93% year-over-year. This represents a major shift from the company’s traditional government focus.

Management raised 2025 revenue guidance to $4.15 billion. The company is nearing a $1 billion quarterly revenue milestone with 48% growth projected.

Ives expects U.S. commercial revenue to grow more than 85% in fiscal 2025. Steady AI platform adoption drives this expansion.

The Snowflake partnership connects data cloud capabilities with Palantir’s platforms. Customers can now build AI models faster and more securely.

Palantir’s CEO claimed the Lumen Technologies deal could accelerate AI data processing by 200 times. He called it transformational for businesses.

Government Portfolio Expands

Recent government wins include a $385 million contract with the U.S. Department of Veterans Affairs. Poland’s Ministry of National Defense also signed a defense deal.

The company expanded work with UK Armed Forces through a Hadean partnership. Foundry powers advanced defense simulations in this agreement.

These contracts strengthen Palantir’s NATO presence and government portfolio. Oracle’s Larry Ellison praised the company’s approach to enterprise data.

Some institutional investors have trimmed positions despite the rally. JPMorgan and T. Rowe Price reduced holdings as shares climb.

The stock trades at a price-to-earnings ratio above 650. This valuation offers limited margin for error heading into earnings.

Analysts forecast Q3 earnings of $0.15 per share on $1.09 billion revenue. Results release after market close on November 3.

Stock split speculation has emerged with shares near $200. Some observers believe this could improve retail accessibility.

Management warned that increased hiring and investment spending may pressure margins. Bulls point to AI platform capabilities as competitive advantages.

Bears argue the valuation already prices in years of perfect execution. Any earnings miss could trigger a sharp pullback.

The commercial segment continues gaining traction with major enterprises. Third-quarter results will provide updated guidance on revenue and margin outlook as the company approaches the $1.09 billion revenue milestone.

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