Palantir Technologies (PLTR)

Outperform Recap: Q1 2026

Highest YoY Growth in Company History, First 100%+ U.S. Quarter, Rule of 40 = 145 — FY26 Raised by $470M Just One Quarter After the Original Framework: Maintaining Outperform

Outperform Recap: Q4 2025

FY26 Guide Crushes Consensus by $960M, U.S. Commercial Locked in at +115%, Adj OI Margin Hits 57% — and the Stock Is Finally Down Enough to Pay for It: Upgrading to Outperform

Hold Recap: Q3 2025

Rule of 40 = 114, U.S. Commercial +121%, FY25 Raised Again — and the Stock Falls 8% on Burry Short and Valuation: Maintaining Hold

Hold Recap: Q2 2025

First $1B Quarter, Rule of 40 = 94, $10B Army Deal: A Phenomenal Print Into a 100x Sales Multiple — Initiating at Hold