As of Dec. 20, 2025 (last market close: Friday, Dec. 19): Palantir Technologies Inc. (NASDAQ: PLTR) ended the week near the top of its recent range after a sharp single-day move that has traders revisiting both the bullish “AI operating system” narrative and the long-running pushback over valuation.
Below is a comprehensive, Google News/Discover-ready roundup of the latest PLTR stock news, forecasts, and market analysis available as of 20.12.2025, including the most impactful contract headlines and what analysts are modeling for the next 12 months.
Palantir stock price today: PLTR closes at $193.38 after a 4.14% jump
Palantir shares finished the last trading session at $193.38, up about $7.76 (+4.18%) from the prior close. [1]
That close places PLTR within striking distance of its 52-week high and far above its 52-week low—a snapshot that captures just how dramatic Palantir’s 2025 rerating has been. Investing.com data shows a 52-week range of $63.40 to $207.52. [2]
What that means in plain English:
- PLTR is roughly 6.8% below its 52-week high ($207.52).
- PLTR is roughly 205% above its 52-week low ($63.40). [3]
On the technical side, Investor’s Business Daily has described Palantir as forming a cup-with-handle setup with a buy point around 190.39—and at $193.38, the stock is slightly above that level. [4]
Why Palantir stock is in focus in December 2025
Palantir’s late-December coverage isn’t centered on a single earnings headline. Instead, it’s a cluster of government modernization momentum plus AI infrastructure positioning—two themes that have repeatedly moved PLTR this year.
The most market-relevant December catalysts include:
- A $448 million U.S. Navy ShipOS initiative (Shipbuilding Operating System)
- “Chain Reaction,” a new AI data center buildout platform with Nvidia and CenterPoint Energy
- A multi-year contract renewal with France’s DGSI (domestic intelligence agency)
- Inclusion in a broader U.S. Department of Energy AI collaboration effort (“Genesis Mission”)
Each has slightly different implications for investors—revenue durability, reference customers, competitive moat, and the long-term “AI operating system for enterprises and governments” positioning.
Catalyst 1: U.S. Navy ShipOS deal puts Palantir at the center of shipbuilding modernization
One of the biggest December headlines for PLTR is the U.S. Navy’s ShipOS initiative. In a Business Wire announcement, the Navy described a partnership to deploy Palantir’s Foundry and Artificial Intelligence Platform (AIP) across the Maritime Industrial Base, with the initiative authorizing up to $448 million to accelerate adoption of AI and autonomy technologies. [5]
A U.S. Navy press release similarly framed Ship OS as a $448 million strategic investment aimed at improving schedules, capacity, and costs across shipbuilders, shipyards, and suppliers. [6]
Why investors care: measurable pilot results and a clear “expandability” story
A key detail for markets is that both releases highlight early pilot outcomes:
- At General Dynamics Electric Boat, submarine schedule planning was reduced from 160 manual hours to under 10 minutes.
- At Portsmouth Naval Shipyard, material review times fell from weeks to under one hour. [7]
The Business Wire release also notes an initial planned deployment across two major shipbuilders, three public shipyards, and 100 suppliers, with broader expansion informed by lessons learned. [8]
Axios added context that ShipOS is expected to start with submarines and could expand to platforms like aircraft carriers and jets, while also emphasizing that shipbuilding is a top modernization priority. [9]
Stock implication: Government contracts matter to Palantir not only for dollars, but because they can become “platform beachheads” that later expand in scope (more users, more workflows, more agencies). ShipOS reads as exactly that kind of beachhead.
Catalyst 2: “Chain Reaction” with Nvidia and CenterPoint targets the AI infrastructure bottleneck—power and permits
On Dec. 4, Reuters reported that Palantir, Nvidia, and CenterPoint Energy are developing a new software platform called “Chain Reaction” intended to accelerate the building of AI data centers by helping coordinate permitting, supply chain, and construction work. [10]
Reuters highlighted why this is hard: AI data centers can draw enormous electricity loads, and delays compound across partners (chip supply, grid upgrades, construction schedules). The article also described how AI could detect early signals of delays from messy, real-world data sources like email threads and procurement communications. [11]
Data Center Dynamics, covering the same initiative, emphasized the thesis that power availability has become one of the biggest constraints on AI expansion and quoted Palantir’s energy and infrastructure lead describing the energy infrastructure buildout as a defining industrial challenge. [12]
Stock implication: This is not just a “partnership headline.” It positions Palantir in the workflow layer of the AI buildout—where budgets are large, projects are complex, and software that reduces delays can be highly valued.
Catalyst 3: Palantir renews a three-year contract with France’s DGSI
On Dec. 15, a Business Wire release republished by Nasdaq announced a three-year renewal of Palantir’s contract with DGSI, France’s domestic intelligence agency—extending a partnership described as ongoing for nearly a decade. [13]
The release states the agreement relates to supplying Palantir’s software platform plus integration, support, and assistance services required for operational use, and notes that Palantir’s solutions supported DGSI work during major national events such as the 2024 Olympic and Paralympic Games. [14]
Stock implication: International government renewals tend to be read as evidence of product stickiness and mission-critical value—though they can also bring political and reputational scrutiny, especially in surveillance-adjacent contexts.
Catalyst 4: DOE “Genesis Mission” AI collaboration includes Palantir
On Dec. 18, Reuters reported that the U.S. Department of Energy signed agreements with 24 organizations to advance its AI-focused Genesis Mission, with Palantir listed among participants expected to provide data integration and analytics capabilities. [15]
This isn’t a direct “Palantir wins contract X” headline, but it contributes to a broader market narrative: U.S. agencies are formalizing AI collaboration ecosystems, and Palantir is frequently positioned as an integration layer connecting data, models, and workflows. [16]
Earnings and fundamentals: Palantir’s Q3 2025 “AIP-driven” surge and raised FY 2025 guidance
Palantir’s last reported quarter remains central to how analysts and investors frame the stock—because it put hard numbers behind the AIP adoption story.
In its Q3 2025 earnings release (filed as an SEC exhibit dated Nov. 3, 2025), Palantir reported:
- Revenue of $1.181 billion, up 63% year over year
- U.S. revenue of $883 million (up 77% year over year)
- U.S. commercial revenue of $397 million (up 121% year over year)
- U.S. government revenue of $486 million (up 52% year over year) [17]
The same release also highlighted deal momentum and backlog-style metrics:
- 204 deals of at least $1M
- Record total contract value (TCV) of $2.76B, up 151% YoY
- U.S. commercial TCV of $1.31B, up 342% YoY
- U.S. commercial remaining deal value (RDV) of $3.63B, up 199% YoY [18]
Profitability and cash
Palantir also reported (GAAP and non-GAAP):
- GAAP income from operations: $393M (33% margin)
- GAAP net income: $476M (40% margin)
- GAAP EPS (diluted): $0.18
- Adjusted EPS (diluted): $0.21
- Cash, cash equivalents, and short-term U.S. Treasury securities: $6.4B [19]
Guidance (what management actually put on the record)
For Q4 2025, Palantir guided revenue to $1.327B–$1.331B and adjusted operating income to $695M–$699M. [20]
For full-year 2025, Palantir raised guidance to:
- Revenue: $4.396B–$4.400B
- U.S. commercial revenue: >$1.433B (growth of at least 104%)
- Adjusted income from operations: $2.151B–$2.155B
- Adjusted free cash flow: $1.9B–$2.1B [21]
Investor takeaway: Whether you’re bullish or bearish, these numbers explain why PLTR still commands attention. Growth is high, margins are unusually strong for a company still pitching itself as an “early innings” AI platform story, and cash levels remain substantial.
Wall Street forecasts: “Neutral” consensus, wide dispersion, and the $255 bull target
Despite the stock’s outsized run, sell-side conviction remains mixed—mainly because the valuation is difficult to defend using traditional software multiples unless growth stays extraordinary.
As of Dec. 19, Investing.com’s consensus snapshot shows:
- Overall consensus: Neutral
- 3 Buy, 17 Hold, 3 Sell (based on the past three months of ratings in its poll)
- Average 12-month price target: $184.65 (shown as -4.51% downside from ~$193.38)
- Price target range: $50 to $255 [22]
Notably, Investing.com lists BofA Securities with a Buy rating and a $255 target (maintained on Dec. 15, 2025 in its table), while multiple firms sit at Hold. [23]
Barron’s coverage this week underscored that BofA’s $255 target is among the most bullish on the Street and linked the note to growing enterprise AI adoption and supportive government policy signals. [24]
Forecast tension: targets vs. tape
Here’s the tension investors are wrestling with on Dec. 20:
- The stock price implies the market is assigning enormous value to Palantir’s role as an AI platform with durable government roots and accelerating commercial adoption. [25]
- The consensus target, however, sits below the current price in at least one widely followed aggregation (Investing.com), implying that many analysts see the rally as having already priced in a lot of good news. [26]
Valuation debate: the biggest risk factor bulls can’t ignore
Even bullish write-ups frequently acknowledge the same stumbling block: PLTR’s valuation.
Barron’s noted Palantir is among the S&P 500’s most expensive stocks and referenced it trading at nearly 190 times forward earnings in that context. [27]
A MarketBeat alert from Dec. 19 similarly flagged “very rich multiples,” citing a P/E around ~460 in its commentary while also showing an average analyst target below the then-current price. [28]
Nasdaq’s own commentary pieces this week have also leaned into the idea that Palantir’s multiple is extremely elevated (describing it as over 400 in a forward-looking valuation discussion), arguing that expectations may be stretched. [29]
Practical implication for investors: When a stock is priced for exceptional outcomes, the range of outcomes matters more. Even strong execution can sometimes lead to volatile moves if guidance, contract cadence, or sentiment cools.
Technical and momentum read: back above a key buy point, but volatility remains part of the package
IBD’s recent technical coverage described Palantir as:
- Up ~134% year-to-date (in that piece’s framing)
- Building a cup-with-handle base
- A 190.39 buy point, with the stock trading around that zone
- Maintaining strong IBD ratings despite valuation concerns [30]
If you’re trading PLTR rather than investing long-term, the key message is that the stock has remained a high-beta AI leader—capable of sharp multi-day surges but also prone to air pockets when the broader AI trade de-risks.
The bull case for PLTR stock heading into 2026
The bullish argument—based on the most concrete December datapoints—typically stacks up like this:
1) “Platformization” is accelerating.
Q3 showed explosive U.S. commercial growth (121% YoY) and record deal value, suggesting Palantir is increasingly landing and expanding in commercial accounts. [31]
2) Government work is evolving from analytics to operations.
ShipOS isn’t framed as a dashboard project; it’s positioned as operational software for planning, supply chain visibility, and production management—areas where workflows can be sticky and expandable. [32]
3) Palantir is attaching itself to the “AI infrastructure” buildout, not just AI models.
Chain Reaction ties Palantir to permitting, grid upgrades, chip supply, and construction sequencing—an “AI era industrial planning” layer that could become a major software category if the thesis holds. [33]
4) Cash and profitability give strategic flexibility.
Palantir reported strong margins and significant cash and Treasury holdings, potentially enabling sustained investment, partnerships, and selective acquisitions without immediate funding pressure. [34]
The bear case: valuation, expectations, and dependency risks
The bearish view—also strengthened by December’s commentary—usually focuses on:
1) Valuation leaves little room for disappointment.
Multiple sources this week emphasized how unusually expensive PLTR remains on earnings-based measures. [35]
2) Government contract timing is inherently lumpy.
Even with strong Q3 metrics, government procurement and program expansions can be uneven—creating periods where headline growth slows, regardless of long-term potential. [36]
3) Scrutiny comes with defense and intelligence wins.
Renewals like DGSI demonstrate stickiness, but they also keep Palantir inside politically sensitive debates around sovereignty, privacy, and governance—especially in Europe. [37]
4) Competitive intensity is rising across data platforms and AI ops.
Palantir’s differentiation is real in many environments, but the broader “AI platform” arena is crowded, and enterprises increasingly demand interoperability with cloud hyperscalers and specialized AI tooling.
What to watch next for Palantir stock (PLTR)
With the Dec. 20 snapshot in mind, here are the most practical near-term catalysts and risk markers for PLTR investors:
- ShipOS rollout details: expansion pace beyond the initial deployment footprint (two shipbuilders, three public shipyards, 100 suppliers) and whether pilot productivity gains translate into durable procurement momentum. [38]
- Commercial demand proof points: whether Q4 results and 2026 outlook sustain the Q3 narrative of accelerating U.S. commercial growth and record deal values. [39]
- Chain Reaction traction: whether the Nvidia/CenterPoint initiative becomes a productized platform adopted by additional utilities, grid operators, and data center developers. [40]
- Analyst target drift: whether more firms move targets upward to meet the tape—or whether the “Neutral” consensus and sub-current-price average targets persist. [41]
Bottom line
As of Dec. 20, 2025, Palantir stock sits at a crossroads that investors know well:
- The news flow is undeniably strong—ShipOS, Chain Reaction, DGSI renewal, and DOE collaboration headlines reinforce Palantir’s positioning at the intersection of AI, government modernization, and infrastructure-scale operations. [42]
- The fundamentals (Q3 growth, raised 2025 guidance, record deal value, and profitability) give bulls real numbers to cite. [43]
- The valuation remains the defining risk, and consensus forecasts show that many analysts still aren’t willing to chase the stock at current levels—even with a few high-profile bulls targeting $255. [44]
References
1. www.investing.com, 2. www.investing.com, 3. www.investing.com, 4. www.investors.com, 5. www.businesswire.com, 6. www.navy.mil, 7. www.businesswire.com, 8. www.businesswire.com, 9. www.axios.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.datacenterdynamics.com, 13. www.nasdaq.com, 14. www.nasdaq.com, 15. www.reuters.com, 16. www.reuters.com, 17. www.sec.gov, 18. www.sec.gov, 19. www.sec.gov, 20. www.sec.gov, 21. www.sec.gov, 22. www.investing.com, 23. www.investing.com, 24. www.barrons.com, 25. www.sec.gov, 26. www.investing.com, 27. www.barrons.com, 28. www.marketbeat.com, 29. www.nasdaq.com, 30. www.investors.com, 31. www.sec.gov, 32. www.businesswire.com, 33. www.reuters.com, 34. www.sec.gov, 35. www.barrons.com, 36. www.sec.gov, 37. www.nasdaq.com, 38. www.businesswire.com, 39. www.sec.gov, 40. www.reuters.com, 41. www.investing.com, 42. www.businesswire.com, 43. www.sec.gov, 44. www.investing.com
