The data analytics firm Palantir finds itself navigating a complex situation. While the company continues to announce impressive partnerships and demonstrate robust growth, a significant legal dispute now threatens to cast a shadow over its progress. Former senior engineers are accused of stealing proprietary company secrets to establish a competing venture. The central question remains whether Palantir can successfully manage this legal entanglement without derailing its operational momentum.
Strategic Alliances and Market Performance
Beyond the courtroom, Palantir is actively forging key strategic partnerships. A recently announced collaboration with Nvidia aims to develop an integrated technology stack for operational artificial intelligence. This initiative will see Nvidia’s processing chips and AI models incorporated directly into Palantir’s core platforms. Retail giant Lowe’s is already utilizing this combined technology to enhance its global supply chain operations.
Furthermore, in mid-October, the company deepened its integration with Snowflake. This partnership connects Snowflake’s AI Data Cloud with Palantir’s platforms, designed to create more efficient data streams for enterprise-level artificial intelligence applications. Whether these strategic moves will be enough to weather the ongoing legal storm is a key point of observation for investors.
Market attention is also focused on the upcoming quarterly earnings report scheduled for November 3rd. Expectations are running high, with market researchers forecasting revenues of approximately $1.1 billion—representing a year-over-year increase of more than 50 percent.
Should investors sell immediately? Or is it worth buying Palantir?
Legal Dispute Over Intellectual Property
Palantir has initiated legal proceedings against two of its former lead engineers in a federal court in New York. The allegations are severe: the ex-employees are accused of misappropriating proprietary information, including source code and client data, to develop a competing system named Percepta AI. According to the filed complaint, the accused individuals had access to the company’s most valuable intellectual property and leveraged this knowledge to create what is described as a “copycat” operation.
Adding to the complexity of the case, Percepta AI, which recently emerged from its stealth mode, hired at least ten former Palantir staff members shortly after its founding. Palantir contends that the two founders “weaponized” their insider knowledge after departing the company.
Mixed Analyst Sentiment on Valuation
Despite these legal headwinds, the Wall Street community maintains a cautious outlook. While Wedbush analyst Dan Ives remains optimistic, citing a $200 price target and emphasizing growing demand for Palantir’s AI Platform (AIP), other experts consider the stock overvalued. Citigroup, for instance, raised its price target to $190 but maintained a “Neutral” rating on the shares.
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