Palantir Has an $11.2 Billion Revenue Backlog, a $10 Billion Army Deal, and a 61% Growth Forecast. Is It a Buy for 2026?

Artificial intelligence (AI) became the biggest trend on Wall Street a few years ago, and there has been no shortage of stocks riding its tailwinds. While some of these companies were deserving of the enthusiasm they have received, others have benefited more from meme-driven narratives rooted in AI hype. Perhaps no other stock has become as controversial as Palantir Technologies (NASDAQ: PLTR) over the last three years. At the dawn of the AI revolution, it was valued at a modest $12 billion. Today, the c ...