Palantir Stock Jumps as New Deals Spark Optimism

Muslim Farooque

Wed, Mar 12, 2025, 3:49 p.m. 1 min read

After falling 33% over the past month, Palantir (NASDAQ:PLTR) shares are making a comeback, rising 7.46% to $83.87 as of 14:34 ET on Wednesday. The rally follows news that Walgreens Boots Alliance (WBA) and Heineken (HEINY) have signed on as new customers, according to Stock Titan.

Investors have been concerned about Palantir's recent performance, but William Blair analyst Louie DiPalma sees the latest customer wins as a sign of commercial momentum. He highlighted the company's 31% revenue growth target and 45% operating margin guidance for 2025.

Palantir has struggled amid a broader tech selloff linked to U.S. President Donald Trump's tariff policies. Despite these challenges, Barron's reports that investors are optimistic ahead of the company's client showcase on Thursday.

With new deals and strong growth projections, Palantir may finally be turning a corner.

This article first appeared on GuruFocus.