Palantir
Operational AI software for governments and large organisations.
- Legal name
- Palantir Technologies Inc.
- Sector
- Enterprise software
- Headquarters
- Denver, Colorado
- Founded
- 2003
Price history
September 2020–September 2026 · monthly split-adjusted closes · USD
The AI thesis
Palantir builds data-integration and operational software for government and commercial customers. Its Artificial Intelligence Platform connects models to governed organisational data and workflows.
Palantir’s case rests on moving enterprise AI from demonstrations into deployed operational systems. Its differentiation is less about building frontier models and more about data permissions, workflow integration and implementation in high-consequence environments.
Why it matters
- AIP focuses on connecting models to governed enterprise actions.
- Government and regulated customers value permissions, auditability and deployment support.
- The company sits at the application layer where AI must meet real workflows.
10-year price scenarios
Illustrative annual compounding from $192 · no dividends · no probability assigned
| Scenario | Annual change | Year 1 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Cautious | −5% | $182 | $164 | $148 | $115 |
| Base | +8% | $207 | $242 | $282 | $414 |
| Upside | +15% | $221 | $292 | $386 | $776 |
What to watch
- Commercial customer expansion and production AIP deployments.
- The conversion of intensive onboarding work into repeatable software economics.
- Government contract timing and concentration.
- Competition from cloud platforms, data vendors and internal engineering teams.
Risks & constraints
- Valuation can imply execution well beyond current fundamentals.
- Large contracts can create uneven quarterly results.
- Deployment can remain services-intensive.
- Government work creates procurement, political and reputational exposure.
Troiana Signal coverage
Reporting and analysis that mentions Palantir.
Primary sources
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