In early February 2026, Palantir Technologies reported past fourth-quarter and full-year 2025 results showing sharply higher revenue and net income, issued optimistic 2026 guidance, and was highlighted for rapid adoption of its Artificial Intelligence Platform across U.S. government and commercial clients.
Separately, Cognizant announced a recent partnership to embed Palantir Foundry and AIP into its TriZetto healthcare business, underscoring Palantir’s push into complex, highly regulated industries alongside long-term government contracts.
Against this backdrop, we’ll examine how Palantir’s AI-driven contract momentum and Cognizant partnership shape the company’s evolving investment narrative.
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To own Palantir today, you have to believe its AI platforms can remain mission‑critical for governments and large enterprises while justifying a premium valuation. The latest quarter, with sharply higher revenue, margins and full‑year 2026 guidance, reinforces that story, as does the Cognizant deal, which plugs Palantir’s Foundry and AIP into TriZetto’s healthcare stack and could turn into a repeatable template for complex, regulated industries. In the near term, key catalysts still revolve around converting its record contract value into cash flow and deepening U.S. commercial and defense relationships; the Cognizant partnership fits neatly into that contract‑driven momentum rather than redefining it. The bigger swing factor remains whether growth and profitability can keep pace with expectations at a time when the share price already embeds a lot of optimism and the stock has been highly volatile.
But the premium pricing of the shares is a risk investors should not ignore. Palantir Technologies’ share price has been on the slide but might be up to 31% below fair value. Find out if it’s a bargain.
PLTR 1-Year Stock Price Chart
Explore 141 other fair value estimates on Palantir Technologies – why the stock might be worth over 5x more than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include PLTR.
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