Palantir shares rose 4% after Knox Systems announced a partnership that lets other companies' commercial software reach federal agencies through Palantir's FedRAMP and IL5 accreditations. Knox, a private company running a managed federal cloud, says it can secure FedRAMP authorization for software makers in 90 days or less, and it already hosts more than 100 AI and enterprise applications. Neither company disclosed financial terms. Analysts already expect Palantir's revenue to rise from $4.48 billion in 2025 to $8.22 billion in 2026, and its U.S. government revenue grew 90% year over year to $809 million in Q2 2026. At Friday's close the stock traded at 98x forward earnings, a touch below its five-year average of 103x; the next test is the third-quarter report, guided to $2.16 billion to $2.164 billion in revenue.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Palantirsoftwarecloud computingvaluation
Open a keyword to see other news on the same topic.
Related news
- Palantir Rises 5% on Knox Partnership for Federal Cloud Software; Leidos Edges Higher, Booz Allen Hamilton Slips
Palantir (PLTR) shares rose 5% to $195.36 in early trade after a partnership with privately held Knox Systems, aimed at customers in FedRAMP and high-security Department of War cloud environments. Knox runs a large managed federal cloud and offers an accelerated path to FedRAMP authorization, while Palantir provides its accredited infrastructure, a combination designed to shorten the route for software makers seeking defense customers. In Q2 2026, Palantir's U.S. Government revenue rose 90% year over year to $809 million, and total revenue grew 92.8% to $1.94 billion. The stock trades at a 263x P/E. Leidos rose 1% and Booz Allen Hamilton fell 1%, while the SPY ETF gained 0.8% and the ITA ETF slipped 0.3%.
- Palantir Stock Is Near a Record High. Should Investors Sell?
The article advises Palantir shareholders not to sell simply because the stock has soared, but also not to hold blindly. Its second-quarter 2026 results were strong, with revenue up 93% year over year to $1.94 billion and an adjusted operating margin of 62%. However, with the stock closing at $200.50 on Oct. 15, 2026, a market capitalization of about $482 billion and a trailing P/E of around 171, investors are paying a substantial premium for continued success. The article suggests asking whether you would buy at today's price, whether Palantir has become too large a share of your portfolio (a 30% position falling 50% would cut the portfolio by 15%), and whether the investment thesis has changed. Holding can be reasonable if the outlook and position size still make sense, while trimming may be sensible if the stock dominates the portfolio or the valuation leaves little room for disappointment.
- Why You Should Think About Palantir Differently Now
Palantir (PLTR) trades at 78.2 times sales, versus 3.1 for the S&P 500, and management's pitch has shifted from customer counts to spending per client. In fiscal Q2 2026, executives emphasized 'sovereign AI', an architecture in which companies keep full control of their data and the AI built on it. U.S. commercial customers reached 653, up 35%, while U.S. commercial revenue rose 149% to $764 million and U.S. contract values rose 153% to $2.132 billion. Total revenue grew 92.8% to $1.94 billion, and operating margin rose to 47.1% from 26.8%. However, the top 20 customers accounted for about 40% of total revenue over the twelve months to June 2026, which the article identifies as the main risk.
- Top 3 Founder Led Stocks To Watch In October 2026
The article presents three founder-led stocks from a screen: monday.com, Palantir Technologies and Figure Technology Solutions. monday.com has revenue of about US$1.37b and a market cap of US$3.8b. Palantir earns US$3.21b from Government customers and US$2.95b from Commercial clients, with a market cap of US$447.04b. Figure Technology Solutions reports US$619 million of revenue and a market cap of US$6.1b. The article argues that founder ownership can align leadership with long-term shareholder interests, but each stock depends on key assumptions to watch, such as customer expansion, pricing power or the pace of blockchain adoption. The full screen surfaced 26 more businesses with similarly strong founder ownership.
- Cognizant and Google Cloud Expand Alliance to Accelerate Agentic Enterprise Transformation
Cognizant (Nasdaq: CTSH) and Google Cloud expanded their partnership to accelerate adoption of agentic AI, creating a Gemini Frontier Capability Group backed by more than 18,000 dedicated associates. The group will focus on legacy modernization, developer experience, business process agentification and frontier cyber defense, using a security-first architecture built on the Model Context Protocol (MCP) and Google Cloud's Model Armor. In one example, Cognizant's integration of Gemini helped a leading retailer achieve a 40% increase in developer productivity, a 30% reduction in time-to-market and 35% cost savings. More than 55,000 Cognizant associates completed the Build with Gemini workshop, and the company plans to deploy Gemini to 100,000 associates this year, scaling up to 200,000.
- Cognizant and Google Cloud Expand Alliance to Accelerate Agentic Enterprise Transformation
Cognizant (Nasdaq: CTSH) and Google Cloud have expanded their partnership to speed enterprise adoption of agentic AI, including a new Gemini Frontier Capability Group backed by more than 18,000 Cognizant associates. The group aims to take AI agents from pilot to production, focusing on legacy modernization, developer experience, agent-based business process automation and cyber defense, built on the Model Context Protocol (MCP) and Google Cloud's Model Armor. Cognizant helped one leading retailer achieve a 40% gain in developer productivity, a 30% shorter time-to-market and 35% cost savings by integrating Gemini into its software development lifecycle. More than 55,000 associates completed the Build with Gemini workshop, the largest Gemini partner workshop to date, and Cognizant plans to deploy Gemini to 100,000 associates this year, scaling up to 200,000.
Related markets
Latest news
- Video - CEO Clips: Altamira Gold: Unlocking a Growing Porphyry Gold District in Brazil
Altamira Gold Corp. (TSXV: ALTA) is exploring and developing gold projects in Brazil's under-explored Alta Floresta Gold Belt. Its flagship Cajueiro Gold District hosts more than 2 million ounces of gold across two resource areas, Maria Bonita and Cajueiro Central. The company recently discovered Maria Bonita West, a second porphyry gold system, backed by promising drilling and trenching results. These results point to the potential to expand the known mineralized footprint.
- Pfizer's Stock Is Finally Showing Signs of Life. Could This Be the Start of a Much Bigger Rally?
Pfizer shares are up 18% this year, shaping up as their best year since 2021, when they rose more than 60%. The stock remains down around 30% over five years. The author says money may be rotating from tech into healthcare, citing two unnamed ETFs. Pfizer's 5.8% yield is one of the highest on the S&P 500, more than five times the index's 1% average. Its trailing P/E of 37 is inflated by restructuring and impairment charges, while its forward P/E is around 10, which the author argues shows the stock is still undervalued.
- Strive Buys $335 Million in Bitcoin After Investors Pour In $369 Million
Strive bought 4,045 BTC between October 12 and 16 at an average of about $82,803 per coin, lifting its holdings to 36,818 BTC, worth about $335 million. The purchase was funded by warrant exercises that raised about $369.2 million and added 13,674,703 Class A shares; no traditional warrants remain. On October 15, Strive priced a $630 million offering of 15% SATS preferred stock, set to settle October 20. Class A shares outstanding rose from 101.2 million to 114.8 million in a week, about 13.5%, diluting existing shareholders unless the new cash earns it back.
- Amazon vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
This comparison weighs Amazon.com against Home Depot on growth, risk and valuation. In FY 2025, Amazon reported revenue of nearly $716.9 billion, up 12.4%, and net income of about $77.7 billion, a net margin near 10.8%. Home Depot posted revenue of nearly $164.7 billion, up 3.2%, but net income fell to roughly $14.2 billion from nearly $14.8 billion, and its debt-to-equity ratio was about 5.1x. Amazon faces intense global competition and a $309.5 million settlement over customer refund issues, while Home Depot faces a class action over its AI-powered parking-lot surveillance.
- 3M stock rises 3% on $6B Amazon data center deal
3M shares rose 3% in after-hours trading after announcing a strategic commercial agreement with Amazon covering data center products. Under the deal, 3M issued an Amazon subsidiary a warrant to buy up to 3,162,015 shares at $164.89 per share over seven years. 85% of the shares vest based on cumulative Amazon payments for data center products, with full vesting once payments reach $6 billion, while the remainder depends on event-based milestones not detailed in the filing. The agreement, formalized on October 19, 2026, centers on 3M supplying optical connectivity and other data center products to Amazon.
- Stock Market Today, Oct. 19: Amazon Surges on Morgan Stanley Top Pick and $350 Price Target
Amazon (AMZN) closed at $262.45 on Oct. 19, up 4.98%, after Morgan Stanley named it a top pick, kept an Overweight rating and raised its price target to $350 from $335. Morgan Stanley cited the AI boom as a key driver and five catalysts, including AWS growth nearly tripling from 2025 to 2028. Trading volume reached 54.5 million shares, about 4% above the three-month average of 38.9 million. AWS revenue in Q2 rose 37% year over year to $42.2 billion, the fastest growth in 18 quarters, and investors await the Q3 report on October 29. Litigation and regulatory risk remain a longer-term overhang on valuation.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.