Palantir Technologies has secured a significant $300 million multi-year contract with the U.S. Department of Agriculture, marking a substantial expansion of its work with civilian government agencies. The agreement, structured as a Blanket Purchase Agreement, centers on the “One Farmer, One File” initiative to consolidate the USDA’s outdated data systems into a single, centralized platform.
This move comes as the data analytics firm navigates increasing political pressure. A group of 30 U.S. lawmakers has submitted a formal request to the Department of Homeland Security and Immigration and Customs Enforcement (ICE), demanding a full accounting of all Palantir contracts since early 2020. The legislators, citing concerns over mass surveillance, have given a deadline of April 24 for a response. Civil rights groups like the Electronic Frontier Foundation have amplified these criticisms, arguing the company’s internal human rights policies fail to apply in its work with immigration authorities.
Financially, Palantir’s operational performance remains robust. The company reported fourth-quarter 2025 revenue of $1.41 billion, a 70% year-over-year increase, with earnings per share of $0.25 beating analyst expectations. For the current fiscal year, management is targeting revenue growth of 61%, aiming to push total sales above $7 billion. Morgan Stanley analyst Sanjit Singh believes the company is on a direct path toward a $10 billion revenue run-rate, supported by industry-leading margins.
The USDA project will utilize Palantir’s Landmark system, which previously managed the distribution of $4.4 billion in direct payments to farmers within the first five days of the $11 billion “Farmer Bridge Assistance” program in February 2026. The new platform is designed to integrate data from field sensors, weather satellites, import registries, and disease surveillance. Palantir explicitly stated this is an internal USDA project with no plans to share data with other agencies.
Should investors sell immediately? Or is it worth buying Palantir?
Simultaneously, Palantir is a key contender for a pivotal contract with the Federal Aviation Administration (FAA), with a decision expected around May 1. The FAA is modernizing its airspace management system and seeks software capable of detecting potential conflicts up to two hours in advance. Palantir competes against Thales and Air Space Intelligence, holding an advantage as the agency already uses its Foundry platform internally. The overall FAA modernization program involves a multi-billion dollar budget.
Despite strong fundamentals, the stock has faced recent pressure. Shares currently trade around 126 euros, approximately 30% below their 52-week high from November 2025. Since the start of the year, the stock is down about 12%, though it maintains a solid 52% gain over the past twelve months. The analyst consensus among 29 ratings is a “Moderate Buy,” with an average price target of $197, well above current levels.
CEO Alex Karp recently published a position paper discussing the moral obligations of Silicon Valley, including topics like national service and the defense responsibilities of tech firms. The document contained no new financial or contractual information. The company continues to balance its growing civilian portfolio with its established reputation in defense and intelligence sectors, a tension highlighted by recent reports scrutinizing its role in advanced military targeting systems.
The outcomes of the looming congressional response and the high-stakes FAA bid will provide critical tests for Palantir as it seeks to solidify its expanding role in civilian government infrastructure.
Ad
Palantir Stock: Buy or Sell?! New Palantir Analysis from April 22 delivers the answer:
The latest Palantir figures speak for themselves: Urgent action needed for Palantir investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from April 22.
Palantir: Buy or sell? Read more here...
