Palantir Technologies just picked up a notable endorsement. D.A. Davidson analyst Gil Luria has upgraded PLTR from Neutral to Buy, pointing to the data analytics company’s accelerating AI-driven revenue growth as the catalyst for his bullish shift.
The upgrade lands at a moment when Palantir’s stock trades at valuations often exceeding 50-80x forward revenue. Luria’s thesis appears to be that Palantir’s growth trajectory justifies the premium, with year-over-year revenue expansion hitting 60-70% in recent quarters.
Why the upgrade matters now
Founded in 2003 and taken public in 2020, Palantir has built dual revenue streams: one from enterprise clients and one from defense and intelligence agencies. The commercial side of the business has become a growth engine alongside the government contracts that built the company’s reputation.
Palantir’s quiet expansion into crypto analytics
