Palantir Technologies Inc. (PLTR): A Bull Case Theory

Core Thesis - Palantir Technologies Inc. is viewed positively due to its transformation into a dual-engine platform serving both government and commercial markets, with significant growth in U.S. commercial revenue and contract momentum [2][5][6] Financial Performance - As of December 1st, Palantir's share price was $167.49, with trailing and forward P/E ratios of 388.38 and 169.49 respectively [1] - The company reported a 93% year-over-year increase in U.S. commercial revenue in Q2 2025, with remaining deal value reaching $2.79 billion, up 222% year-over-year [2][3] Contract and Growth Momentum - A notable contract award of $385.4 million from the Department of Veterans Affairs supports a National Patient Care Database for over five million active users, alongside expansions within the Army and partnerships like OneMedNet [3] - The breadth of Palantir's platform, which includes orchestration, secure data integration, and decision support, creates a defensible market position for long-term growth [4] Strategic Positioning - The combination of strong government contracts, enterprise expansion, and a scalable AI platform positions Palantir for significant long-term value creation, appealing to investors who can accept high valuation multiples [5][6]