Shares of Palantir Technologies (PLTR +0.76%) have soared by roughly 789% in the past three years. The company’s market capitalization has reached $324.9 billion (as of June 5. 2026), a massive valuation for a company expected to generate only about $7.65 billion to $7.66 billion in fiscal 2026 revenue.

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That makes predicting Palantir’s stock price trajectory over the next five years complicated. Palantir may be one of the strongest artificial intelligence (AI)-powered software companies in the market, but investors are already paying a steep price for that strength.

Multiple growth catalysts

Palantir’s first-quarter fiscal 2026 results explain why investors are excited. The company’s revenue rose 85% year…