If You Invested $1,000 In Palantir Co-Founder Peter Thiel When It Goed Public 4 Years Ago, Here's How Much You'd Have Now – Palantir Technologies (NYSE:PLTR)

Palantir Technologies, Inc. PLT The stock may not have seen explosive growth, but it has become a favorite of retail investors, and as the company celebrates its fourth anniversary as a public company, here's a look at how the company has rewarded its investors.

The company: Palantir was co-founded by venture capital investors Peter Thiel, Alex Karpits current general director, and Stephen Cohen in 2003. Headquartered in Denver, Colorado, the company provides data analysis software and services to government and commercial clients.

The company currently has four platforms, namely

• gothic city
• Foundry
• Apollo
• artificial intelligence platform, or AIP

Gotham is primarily used in government functions and helps users identify patterns hidden deep within data sets, ranging from signals intelligence sources to confidential whistleblower reports. It is now also offered to commercial customers. Foundry creates a central operating system for customer data. Apollo enables fast, secure delivery of software and updates between businesses, and also allows customers to securely deploy their own software in virtually any environment.

AIP enables responsible AI advantage across the enterprise by using core, core components built to effectively enable LLM and other AI within any organization.

See also: How to buy Palantir (PLTR) stock

In the most recent quarter, Palantir reported revenue growth of 27% to $678 million, with government customers accounting for $371 million, or about 55% of total revenue. The commercial segment contributed $278 million. Crediting the current momentum, the company closed 27 deals valued at more than $10 million during the quarter and customer numbers increased 41%.

The company also raised its full-year revenue guidance to between $2.742 billion and $2.75 billion.

Palantir was added to the broader S&P 500 index in September.

Tech Bull and Wedbush Analyst Daniel Ives He recently raised his price target on Palantir shares from $38 to $45, citing his growing confidence in the company's AIP-driven strategy. More companies are strategically discussing the possible deployment of AIP in 2025, Ives said. “With AI spending expected to increase significantly within IT budgets in 2025, we believe the Messi of AI: Palantir is well positioned to continue expanding its pipeline/deal flow,” he added.

Palantir's IPO: Palantir went public in September 2020 through a direct listing, and the price tag was $7.25 each, giving the company a valuation of $16 billion. Shares opened the session at $10 and traded in a range of $9.11 and $11.41 before closing at $9.50.

Palantir action: Although the stock did not receive a post-listing boost, it reached a high of $39.22 in early February 2021 and made a broad consolidation move throughout the year. The stock retreated along with the broader market in 2022 and performed moderately through mid-2023. Since then, the stock has seen a nice recovery.

With $1,000 invested in Palantir at the stock's closing price of $9.50 in the debut session, an investor would have gotten 105 shares. The same shares would be worth about $3,916 based on Monday's closing price. The hypothetical investment would have earned a return of around 292%. The S&P 500 gained just over 71% during the same period.

In premarket trading, Palantir shares rose 0.05% to $37.22, according to Data from Benzinga Pro.

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