Palantir's Maven becomes 'program of record' after another

Palantirs Maven becomes program of record after another federal win: Wedbush Palantirs (PLTR) Maven Smart System received the official program of record designation from the Pentagon, further solidifying the companys position as a critical provider across the U.S. military, according to Wedbush.
This comes less than a year after Palantir won the Maven Smart System contract in May 2025 for $1.3 billion to assist the DOD with data fusion and target identification, which is becoming increasingly critical given the geopolitical backdrop, said Wedbush analysts, led by Dan Ives, in an investor note.
Maven is a command-and-control software platform for the U.S. military that fuses data from satellites, drones, and sensors into a single interface for battlefield analysis and threat identification.
Designating PLTRs Maven Smart System as a program of record will streamline the companys deals across all branches of the military while providing long-term funding to Palantir, with future contracting being handled by the US Army as Mavens oversight will be moved to the Pentagons Chief Digital AI Office within the next 30 days, Ives said.
Wedbush reiterated its Outperform rating and $230 price target on Palantir. Shares had edged up 4% during Monday morning market action.
We continue to believe that PLTR will gain more deals across the federal government with its software value proposition playing perfectly into assisting the US government with navigating the complex geopolitical environment, with the company attaching itself to many programs/contracts in the DOD given their high priority while enabling the company to gain more IT budget dollars at the Pentagon, Ives added.