Palantir Technologies Inc. (NASDAQ: PLTR) is again one of the most talked‑about AI stocks on December 3, 2025. The share price is hovering around $173 per share, up roughly 1.5% today, after trading between about $169 and $174 during the session. [1]
After a spectacular multi‑year run, Palantir is now a lightning rod in the AI trade: bulls see a future trillion‑dollar software titan, while skeptics point to bubble‑level valuations and a growing backlash from high‑profile short sellers like Michael Burry. TS2 Tech+2Finviz+2
Below is a roundup of today’s key news, fresh forecasts and analyst commentary (December 3, 2025), plus how it fits into Palantir’s latest fundamentals.
1. Palantir stock today: price, performance and valuation
- Price & recent trading:
- Performance:
- Various outlets peg 2025 year‑to‑date gains at ~120–130%, with the stock up well over 1,700% since listing and more than 1,000% since late 2023 as the AI boom accelerated. [4]
- Valuation (rough ballpark):
In other words: Palantir is trading like a hyper‑growth AI leader rather than a typical software stock. That sets the stage for the rest of today’s debate.
2. Q3 2025: a monster AI quarter behind today’s headlines
Much of the commentary on December 3 keeps circling back to Palantir’s Q3 2025 earnings, released a month ago and widely described as one of the strongest software quarters on record. [7]
Key numbers from Q3 2025:
- Revenue:
- $1.181 billion, up 63% year‑over‑year and 18% quarter‑over‑quarter. [8]
- Profitability & cash:
- Segment growth:
- Demand indicators:
- Total contract value bookings:$2.8 billion, up 151% from a year ago — Palantir’s highest quarter ever. [16]
- Customer count: 911, up 45% year‑over‑year; U.S. commercial customer count reached 530. [17]
- Net dollar retention: 134%. [18]
- Remaining deal value (backlog):$8.6 billion, up 91% year‑over‑year. [19]
- Guidance:
These results underpin nearly every bullish article today: Palantir is showing hyperscale AI‑software growth and unusually high profitability at the same time – a rare combination.
3. Big contracts and partnerships driving the story
3.1 10‑year, up‑to‑$10 billion U.S. Army enterprise agreement
In late July, the U.S. Army announced a new Enterprise Agreement (EA) with Palantir that:
- Consolidates 75 existing contracts into a single framework.
- Covers data integration, analytics and AI tools for the Army and potentially other Department of Defense components.
- Has a 10‑year ordering period and a maximum potential value of $10 billion (a spending ceiling, not guaranteed revenue). [22]
This EA is a major underpinning of bullish views about Palantir’s defense franchise, even though actual revenue will depend on how much the Army and other agencies order over time.
3.2 UK defence, ICE and NATO deals
A new 24/7 Wall St price‑prediction piece today highlights how Palantir has stacked up high‑profile government wins alongside commercial growth: [23]
- A £1.5 billion UK defence contract,
- The U.S. Army EA above,
- A $30 million contract with U.S. Immigration and Customs Enforcement (ICE), and
- A role in NATO’s AI‑enabled military systems roadmap.
Together, these reinforce the idea that Palantir remains deeply embedded in Western security infrastructure.
3.3 Commercial AI push: aviation, healthcare, marketing and more
A detailed November 17 round‑up from TechStock² (ts2.tech) shows how quickly Palantir is broadening beyond pure defense: TS2 Tech
- FTAI Aviation: multi‑year deal to use Palantir’s AIP to optimize jet‑engine maintenance, inventory and procurement.
- UK NHS Federated Data Platform: Palantir’s platform is now live across 77 NHS trusts with more signed up; UK coverage reports tens of thousands of extra operations and meaningful reductions in discharge delays attributed to better data integration.
- Stagwell partnership: a joint AI marketing platform that Stagwell’s CEO has described as a potential “holy grail” for advertisers, combining Palantir’s data stack with Stagwell’s marketing cloud.
- A growing ecosystem around Foundry and AIP in e‑commerce and direct‑to‑consumer analytics.
- A strategic Nvidia partnership that marries Palantir’s AI platform with Nvidia’s accelerated computing stack, offering a turnkey AI infrastructure for enterprises.
This mosaic of deals is why several commentators argue that Palantir is increasingly an “AI operating system for the enterprise”, rather than just a government contractor. TS2 Tech+2Nasdaq+2
4. Fresh forecasts & analysis published on December 3, 2025
Today has been particularly busy for Palantir coverage. Here’s how the most important pieces line up.
4.1 24/7 Wall St: three different angles in 72 hours
a) “Could This Be a Golden Opportunity to Buy Palantir Stock at Under $170?” (Dec 3)
This morning’s article frames the latest pullback — shares briefly dipped below $155 before bouncing back toward $170 — as another potential “buy‑the‑dip” moment. Key themes: [24]
- Michael Burry’s large short position against Palantir has spooked many investors.
- Wedbush analyst Dan Ives remains aggressively bullish with a $230 price target and has previously dubbed Palantir the “Messi of AI,” predicting a $1 trillion market cap over time.
- The author argues that, despite the fear, nothing material has deteriorated in Palantir’s fundamentals since Q3.
Tone: Bullish but high‑risk – siding with long‑term optimists over Burry.
b) “Palantir Technologies Stock Price Prediction for 2025: Where Will It Be in 1 Year” (Dec 3)
This longer 24/7 Wall St piece blends fundamentals, analyst targets and the macro AI story. Highlights: [25]
- Notes that Palantir is up over 127% in 2025 but roughly 7–8% below its early‑November all‑time high.
- Reiterates Q3 beats (EPS $0.21 vs $0.17; revenue $1.18B vs $1.09B expected) and cites 52% government revenue growth.
- Compiles Wall Street targets: high $255, median ~$188, low $50, with most of the 16 tracked analysts rating the stock Hold.
- Crucially, 24/7’s own price target is only $107, implying about 37% downside from current levels.
- Their internal model projects revenue growing from about $3.9B in 2025 to $11.9B by 2030 and EPS rising from $0.58 to $1.44, but they still see today’s valuation as too rich.
Tone: Fundamentally impressed, valuation‑bearish.
c) “This Is Palantir’s Price Prediction Heading Into 2026” (Dec 1)
Here, 24/7 turns to Polymarket prediction markets to gauge where PLTR might finish the year: [26]
- Traders are betting on a range‑bound close around $165–$170 at the end of December, with odds clustered near current prices and low volume in the markets.
- The piece again walks through Q3 metrics and the $10B Army deal, but stresses that Palantir trades at valuation multiples above other richly valued data‑cloud names like Snowflake and Datadog.
- November was Palantir’s worst month in two years, with the stock dropping more than 20% from its October peak, largely on valuation worries rather than any deterioration in results.
Tone: Neutral‑to‑cautious, expecting consolidation rather than a big breakout into year‑end.
d) “Should You Finally Buy the Dip on Palantir?” (Dec 2)
This article leans harder into the bubble question: [27]
- Notes that PLTR fell about 17% in the last month after being rejected near $200, despite delivering over 1,000% gains since late 2023.
- Q3 again looked flawless — U.S. commercial revenue up 121%, government up 52%, and full‑year guidance raised — but the stock barely benefited.
- The big issue is price:
- ~231x expected 2025 earnings,
- 191x estimated 2026 free cash flow.
- The author compares Palantir’s valuation to Cisco during the dot‑com bubble, concluding the stock is only investable if you either expect the AI rally to keep raging for years or you’re willing to trade it actively.
Tone: High‑quality business, “priced for perfection.”
4.2 Motley Fool & Nasdaq: trillion‑dollar dreams vs valuation gravity
a) “Will Palantir Be a $1 Trillion Stock by 2030?”
Syndicated via Finviz, this Motley Fool analysis runs a numeric scenario: [28]
- Palantir’s stock has surged 167% in 2023, 341% in 2024, and ~120% so far in 2025.
- The author assumes 60% annual revenue growth and 40% net margins through 2030, which would yield about $40.8B in revenue and $16.3B in profit by then.
- Applying a more “normal” 45x earnings multiple produces a $733B market cap — huge, but still short of the $1T mark.
- Starting from today’s roughly $395B market cap and a share price near $165, that scenario points to a future price around $306, or roughly 13% compound annual returns over five years.
- Problem: current valuations of ~109x sales and ~229x forward earnings leave little room for disappointment, leading the author to call the stock “incredibly risky” at present levels.
Tone: Mathematically bullish long‑term, but short‑term too expensive.
b) “Prediction: This AI Software Stock Could Outperform Every Chip Stock in 2026”
Another Motley Fool piece (syndicated by Nasdaq and Finviz) makes the opposite case: that Palantir could beat even leading chipmakers in 2026. [29]
- Notes PLTR is up about 122% in 2025, outpacing the PHLX Semiconductor Index (~41%).
- Argues that as enterprises shift from merely buying AI hardware to deploying AI in production, Palantir’s software platform should capture outsized value.
- Emphasizes recurring software revenue, fast‑growing U.S. commercial adoption, and expanding contract value as reasons the stock could continue to outrun hardware names.
Tone: Growth‑focused bullish, with less emphasis on valuation than most.
c) “Why Wall Street May Be Completely Misunderstanding This AI Stock” (Motley Fool via Nasdaq)
This piece suggests analysts are too fixated on valuation and underestimating Palantir’s business quality. [30]
- Points out that most Wall Street firms rate Palantir a Hold, even after repeated quarters of explosive revenue and profit growth.
- Highlights Palantir’s Artificial Intelligence Platform (AIP) as a “game‑changing” tool that lets clients immediately apply AI to real‑world operations.
- Notes triple‑digit growth in U.S. commercial revenue, record $2.76B+ in contract value, and raised full‑year guidance. [31]
- Argues that many iconic tech leaders went through phases of seemingly absurd valuations early in their growth — and that Palantir may simply be in that phase now.
- Concludes that growth‑oriented investors with long time horizons might consider buying even at a high multiple, while value or very cautious investors may want to stay away.
Tone: Bullish, long‑term oriented, valuation‑tolerant.
4.3 MarketBeat: “Palantir Stock Finds Its Footing — and a Path to Global Growth”
MarketBeat’s feature today frames PLTR as expensive but stabilizing after a rough month. [32]
Key points:
- Palantir shares are down about 14% over the last month but have started to rebound from support levels.
- The stock trades around $173, with a P/E ratio above 400 and a consensus price target near $172, i.e., roughly where it trades now.
- The article highlights Australian IRAP certification and a strengthened partnership with PwC UK as signs of global expansion, alongside the U.S. Army EA and UK deals.
- Cites Wedbush’s Dan Ives, who believes Palantir is “playing a different game” in AI and has floated the possibility of a $1T market cap in the coming decade. [33]
- Technically, the stock is trading just below its 50‑day moving average around $179, and a bullish crossover could fuel a year‑end rally if trading volume returns.
Tone: Constructively bullish on business, neutral on near‑term upside.
4.4 TipRanks & Zacks: ownership and risk‑adjusted portfolios
TipRanks: “Palantir (PLTR) Is One of 2025’s Biggest Winners, but Who Owns the Stock?” [34]
- Notes Palantir is up ~125% in 2025, powered by AI adoption, higher defense spending and geopolitical tensions.
- Highlights that Cathie Wood’s ARK funds sold ~355,000 shares (~$58M) recently, even as other institutions add.
- Flags a forward P/E of about 235x vs a sector average near 24x, underscoring valuation risk.
Zacks: “The Zacks Analyst Blog Highlights NVIDIA and Palantir Technologies” [35]
- Positions Nvidia and Palantir as a “best risk‑adjusted AI portfolio for 2026”, using Nvidia’s relative stability to balance Palantir’s volatility.
- Reiterates Q3 numbers (U.S. commercial revenue $397M, government $486M; total revenue $1.18B, up 63%).
- Keeps Palantir at Zacks Rank #2 (Buy), but notes its forward P/E (~230x) dwarfs the Internet‑Software industry’s ~38x, leaving room for a sharp drop if sentiment turns.
Tone: Positive but valuation‑aware, especially on the Zacks side.
4.5 Macro overlay: AI “animal spirits” and the war on short sellers
A Reuters Breakingviews column today uses Palantir as a prime example of AI‑driven animal spirits. [36]
- Notes that Palantir’s CEO Alex Karp has lashed out at short sellers like Michael Burry and Andrew Left, accusing them of “market manipulation” for betting against a stock trading at 200x+ earnings.
- The piece warns that regulatory and social pressure on short sellers, combined with AI hype, could allow overvalued names to remain inflated longer, raising systemic risk.
This macro narrative helps explain why Palantir is simultaneously beloved and feared on Wall Street.
5. Wall Street consensus: sky‑high growth, “Hold” rating, huge target spread
Putting all the research together, the Street’s base case on December 3, 2025 looks something like this:
- Rating:
- Across 19 analysts, Palantir’s average rating is “Hold.” [37]
- Price targets (12‑month):
- Average: about $171.74 (slightly below today’s price).
- Median:$190 (roughly 10% upside).
- High:$255 (from the most bullish houses, including Bank of America and other AI enthusiasts).
- Low:$50, implying >70% downside in the most bearish scenario. [38]
- Street forecasts for the business (consensus): [39]
- 2025 revenue: ~$4.5B, +~56% vs 2024.
- 2026 revenue: ~$6.4B, +~43% vs 2025.
- 2025 EPS: ~$0.74 (up almost 3x vs 2024).
- 2026 EPS: ~$1.03, up ~39% vs 2025.
That combination — hypergrowth plus massive profitability — is exactly why some analysts talk about trillion‑dollar potential, while others think the stock already prices in many years of perfection.
6. Bulls vs. bears on December 3, 2025
Why bulls still love Palantir (in spite of the multiple)
From today’s bullish pieces (24/7, Motley Fool, MarketBeat, Zacks and others), the pro‑Palantir case centers on: [40]
- Explosive AI growth at scale
- 63% revenue growth and 51% operating margins are rare, especially for a company already generating >$1B per quarter and billions in free cash flow.
- AIP as a strategic “operating system” for AI
- Palantir’s platform lets organizations go from raw data to production AI quickly, which bulls argue is harder to replicate than commodity model‑hosting.
- Diversified demand
- Government revenue is still growing fast, but commercial AI deployments now rival or exceed U.S. government revenue, reducing reliance on any single customer or sector.
- Long‑duration contracts and backlog
- Multi‑year deals (Army EA, ICE, UK defence, NHS, FTAI, Stagwell, etc.) and an $8.6B backlog provide visibility and a cushion in downturns.
- Option on a much larger AI market
- The AI software market is expected to expand massively this decade; if Palantir maintains its current position, bulls see trillion‑dollar market‑cap potential as plausible.
- “Misunderstood” early‑stage tech leader
- Pro‑growth analysts argue that many great tech companies looked wildly expensive early on yet still produced outstanding long‑term returns.
Why bears and skeptics are worried
The bearish side — represented by Burry, valuation‑focused analysts, and several 24/7 Wall St articles — raises equally forceful points: [41]
- Bubble‑like valuation
- Forward P/E ratios in the 200–230x range and sales multiples north of 100x leave very little room for error.
- Even optimistic 2030 scenarios can yield “only” mid‑teens annual returns from today’s price.
- AI‑macro risk
- If AI enthusiasm cools, or if spending slows, highly valued names like Palantir could see sharp multiple compression even if fundamentals remain solid.
- Historical parallels (Cisco 2000, dot‑com)
- Some commentators explicitly compare Palantir’s valuation to tech darlings at the peak of prior bubbles, warning that it may take many years of earnings growth to justify current levels.
- Concentrated sentiment and crowding
- The stock is heavily owned by retail and high‑profile institutions; Burry’s big short and Karp’s public clashes with skeptics underscore how crowded and emotional the trade has become.
- Range‑bound or downside scenarios
- Prediction markets and bearish price targets suggest the stock could just chop sideways around $160–$180 or re‑rate much lower if growth decelerates even modestly.
7. What to watch next for Palantir stock
Based on today’s wave of coverage, several catalysts and risk factors stand out for the months ahead:
- Execution vs. expectations
- With Q4 guidance already implying 61% revenue growth, the bar is high. Any slowdown in U.S. commercial growth or margin compression would likely hit the stock hard. [42]
- AI spending cycle and macro conditions
- Articles from Zacks, MarketBeat and Reuters repeatedly link Palantir’s fate to the broader AI cycle and interest‑rate backdrop. A risk‑off turn in markets could hurt high‑multiple names disproportionately. [43]
- Government budget and contract flows
- How quickly the Army, other DoD branches and allied governments draw on their frameworks and contracts will influence how much of the $10B EA and other deals turns into recognized revenue. [44]
- Commercial expansion & competitive landscape
- Watch new AIP deployments across aviation, healthcare, marketing, finance and e‑commerce — these are proof points that Palantir’s AI stack isn’t just a defense niche. TS2 Tech+1
- Valuation narrative
- As long as Palantir trades at nosebleed multiples, the valuation debate itself is a catalyst. Positive or negative notes from influential analysts (like Dan Ives) can move the stock sharply. [45]
8. How to think about PLTR if you’re following the stock
Nothing in today’s coverage resolves the core tension:
- On one side: a company delivering extraordinary AI‑driven growth, fat margins, and huge contracts across government and commercial markets.
- On the other: a stock priced so richly that even optimistic long‑term scenarios may only justify a moderate premium over today’s level — and leave the door open to violent drawdowns if anything goes wrong.
Broadly speaking, today’s commentators split into two camps:
- Growth‑oriented bulls see Palantir as a potential long‑term AI blue‑chip, worth owning despite volatility and valuation risk — particularly in a diversified portfolio and with a multi‑year horizon. [46]
- Valuation‑sensitive investors and skeptics either wait for a deeper pullback or actively bet against the stock, arguing that the price already bakes in years of perfection and that AI euphoria won’t last forever. [47]
Whichever camp you lean toward, all of today’s pieces agree on two things:
- Palantir is no longer a niche name — it’s central to the AI story in both government and enterprise software.
- The risk/reward is extreme — upside could be enormous if growth and margins persist, but downside is equally significant if sentiment or fundamentals stumble.
This article is for informational purposes only and does not constitute financial advice, investment recommendation, or a solicitation to buy or sell any security. Always do your own research and consider consulting a licensed financial professional before making investment decisions.
References
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