Could 2026 Be the Year Palantir Stock Hits a $1 Trillion Valuation?

Core Viewpoint - Analysts from Wedbush, led by Dan Ives, predict that Palantir Technologies will continue to thrive commercially in 2026 and could emerge as a leader in the AI software sector, with a potential market valuation of $1 trillion within the next two to three years [1][2]. Company Overview - Palantir Technologies, based in Denver, Colorado, specializes in big data analytics platforms for government and business sectors, enabling real-time decision-making through the integration of various data streams [3]. - The company's key products include Gotham for public-sector analysis, Foundry for business data management, and Apollo for deployment [3]. Product Development - A significant advancement is the Artificial Intelligence Platform (AIP), which connects large language models to secure operational datasets, facilitating AI applications in critical sectors like healthcare and industry by merging generative AI with practical execution [4]. Financial Performance - Palantir's market capitalization stands at $460.91 billion [4]. - The company reported a successful third quarter, closing 204 deals worth at least $1 billion, with 53 deals valued at $10 billion or more [7]. - Total revenues for the third quarter increased by 63% year-over-year to $1.18 billion, surpassing Wall Street's expectation of $1.09 billion [7]. - Excluding strategic commercial contracts, revenue growth was 65% year-over-year [7]. Stock Performance - The stock has seen a significant increase, gaining 140.82% over the past 52 weeks and 41.28% over the last six months [5]. - The stock reached a 52-week high of $207.52 on November 3 but has since declined by 7% from that peak [5].