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After a spectacular run in 2024, Palantir (PLTR) stock currently trades 37% below its all-time highs, valuing the company at a market capitalization of nearly $180 billion. While the ongoing pullback has dragged shares lower, growth stocks will likely remain under pressure in the near term due to the tariff war and the possibility of an economic slowdown.
Alternatively, Palantir continues to expand its customer base, which should drive future revenue and earnings growth. Let’s see how Palantir is gaining traction across multiple markets through several partnerships.
Palantir and EYSA Partner in 2025
Palantir Technologies is rapidly expanding its footprint in artificial intelligence through a series of strategic partnerships in diverse industries, from financial services to infrastructure management.
Palantir has established a three-year partnership with EYSA, a leader in sustainable mobility solutions in Spain. This agreement will incorporate Palantir’s software to expedite the development of mobility applications across EYSA’s operational sectors, including parking management and urban services.
Palantir also inked a joint venture with TWG Global to revolutionize AI deployment in banking, investment management, and insurance. The collaboration aims to move financial institutions beyond fragmented AI solutions to a comprehensive, enterprise-wide approach.
In Europe, Palantir has successfully deployed its specialized technological solutions within Societe Generale (SCGLY), one of Europe's top-tier banks. This partnership integrates Palantir’s Anti Financial Crime solutions to detect, prevent, and mitigate money laundering and fraud risks.
Palantir is also making inroads in the environmental sector through a multi-year strategic partnership with SAUR Group, a global water distribution and treatment leader. SAUR is leveraging Palantir Foundry and its AI Platform (AIP) to transform contract management processes, deploying over 300 users in just months.
These partnerships highlight Palantir’s growing influence in deploying AI solutions across critical sectors. As industries recognize AI as a necessity rather than simply an advantage, Palantir’s expansion strategy appears well-timed to capitalize on this business transformation.
A Strong End to 2024
Palantir Technologies announced record fourth-quarter revenue of $828 million, representing 14% growth from the prior quarter and 36% year-over-year. “This is not an incremental advance or marginal acceleration of our business. This is a new phase,” CEO Alex Karp stated. “A software juggernaut has indeed emerged.”
The company’s U.S. revenue rose 52% year-over-year to $558 million in Q4, now representing 66% of total sales. U.S. commercial revenue demonstrated a strong performance, increasing 64% year-over-year to $214 million, while government partnerships grew 45% to $343 million.
Karp emphasized the company’s long-term vision, noting, “We have been preparing for this moment diligently for more than twenty years. A certain indifference to the doubts and opinions of others, to the shiny and fashionable thing, was absolutely required.”
Looking ahead, Karp characterized the AI revolution as still in “the beginning of the first act,” suggesting significant growth potential remains for the data analytics firm as it continues expanding across commercial and government sectors.
What Is the Target Price for PLTR Stock?
Despite the drawdown in 2025, Palantir stock is priced at 120x forward free cash flow and 136x forward earnings, which is quite steep. Out of the 19 analysts covering Palantir stock, three recommend “Strong Buy,” 11 recommend “Hold,” one recommends “Moderate Sell,” and four recommend “Strong Sell.” The average target price for PLTR stock is $85.11, indicating upside potential of nearly 8% from current levels.
