Palantir jumps as US government contracts boost quarterly sales

Shares of data analytics company Palantir PLTR.O climb 12.02% to $165.52 in premarket trading

The company, on Monday, reported total sales of $1.41 billion for Q4, above analysts' average estimate of $1.33 billion, according to LSEG-compiled data

Co sees revenue between $7.18 billion and $7.20 billion in 2026 vs. average estimates of $6.22 billion

Revenue from the U.S. government jumped 66% to $570 million

"With 2026 guidance targeting growth of +61%, PLTR is on course to reach $10B in revenue ...underscoring its status as a clear AI winner," Morgan Stanley analysts said

Palantir forecast Q1 sales between $1.53 billion and $1.54 billion, above estimates of $1.32 billion

Companies, including Palantir, working with U.S. Immigration and Customs Enforcement (ICE) have come under scrutiny following the fatal shootings of two U.S. citizens in separate incidents in January

10 of 27 brokerages rate the stock "buy" or higher, 14 "hold" and 3 "sell" or lower; their median PT is $198 - data compiled by LSEG

As of last close, PLTR down nearly 17% YTD