1458 ET - Palantir Technologies is gaining a stronger foothold within the Defense Department, Wedbush Securities analyst Dan Ives says in a note, citing a report that the Pentagon selected Palantir's Maven Smart System as its official program of record. Palantir "is now one of the main providers and beneficiaries of AI investments being seen across the Trump Administration," Ives says. Palantir will likely continue to notch more deals across the federal sector given its offerings appeal to the U.S. government's efforts to navigate a complex geopolitical environment, Ives says. Palantir will continue attaching itself to many Department of Defense programs, and gain more IT budget dollars, Ives says. "This designation represents another opportunity for PLTR to capitalize while continuing to generate unprecedented traction for its entire portfolio across the federal landscape," Ives says. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 14:58 ET (18:58 GMT)

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