Palantir (PLTR) Stock Is Up Over 400% Ahead of Monday's Earnings Report: What's Going On?

Palantir Technologies Inc PLTR shares climbed 5.4% to $122.52 during Friday’s session, near their all-time high and up over 400% over the past year, as investor enthusiasm builds ahead of its Monday earnings report. The rally follows a string of high-profile defense deals and ongoing momentum from its fourth-quarter performance.

What To Know: Palantir recently delivered two battlefield TITAN systems to the U.S. Army and announced a new partnership with NATO Allied Command Operations to provide AI-powered military technology. Its Maven Smart System aims to enhance battlefield decision-making through advanced AI.

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Analysts are meanwhile divided on the stock; Wedbush's Dan Ives remains bullish, calling the NATO deal a "major win," while RBC Capital maintains an Underperform rating.

In the fourth-quarter, Palantir posted $827.52 million in revenue and 14 cents in adjusted EPS, beating estimates and growing U.S. revenue by 52% year-over-year. The company closed 129 deals over $1 million and ended the quarter with $5.2 billion in cash.

For the first-quarter, Palantir expects up to $862 million in revenue and sees full-year 2025 revenue hitting up to $3.76 billion. With the stock up over 444% over the past year, investors are watching closely to see if the upward trend continues.

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How To Buy PLTR Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Palantir Technologies’ case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, PLTR has a 52-week high of $125.41 and a 52-week low of $20.50.