While the operational momentum is clearly solid, investors should pay closer attention to the risks. History shows Palantir stock can fall hard as sentiment shifts.

According to estimates compiled by Yahoo! Finance, sell-side analysts now expect Palantir to generate $4.2 billion in revenue this year (the 12 months ending on Dec. 31, 2025), and $5.6 billion next year. That would represent year-over-year growth of 46% and 34%, respectively.