Unlocking the next big thing: 3 tech defense stocks on the radar for massive gains and could eclipse Palantir's legacy
Palantir Technologies has led the way in this sector with a 368% stock increase in the last year, other up-and-coming players are fast catching up, as per a report.
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According to The Motley Fool, these stocks have the potential to surpass Palantir's legacy, with high growth potential for investors. Here are three companies investors who are focused on tech defense should be watching closely:
BlackSky Technology
BlackSky has emerged as a force to be reckoned with in the tech defense space, leveraging its emphasis on real-time, AI-driven satellite imagery and intelligence. BlackSky's stock has increased by about 40% over the last 12 months, fueled by its capacity to deliver actionable information from satellite data within less than 90 minutes.
The firm's own Spectra platform integrates high-frequency satellite surveillance with AI-driven automated analytics, positioning it as a direct competitor to Palantir in the field of intelligence collection. BlackSky has obtained contracts totalling as much as $2.3 billion from U.S. and foreign government agencies.
According to the report, BlackSky is at 2.86 times its trailing sales valuation and its stock is still modest relative to its peers in the tech defense industry. Analysts forecasted a 25.8% growth for 2025, as per The Motley Fool.
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