The Trump administration has tapped Palantir, a data analytics firm, to build a centralized intelligence layer on millions of Americans’ government records. This platform will knit together Social Security, IRS, immigration, and other data sets, creating a real-time, AI-assisted behavioral mapping system to detect fraud and surface threats.
The deal is seen as a significant step in Palantir’s expansion into the domestic market, with the company moving from defense contractor to “domestic oracle.” Critics, however, are warning that this could lead to unprecedented data surveillance and power consolidation, raising concerns about privacy and accountability.
Analysts are divided on the stock, with some seeing it as a potential winner due to its role in shaping US data infrastructure. However, many remain cautious, citing execution risks, political uncertainty, and valuation concerns. The average 12-month price target for Palantir stands at $100.13, which is below where the stock currently trades.
Source: https://www.tipranks.com/news/trump-hands-palantir-the-keys-to-americas-data