Stock-Split Watch: Is Palantir Technologies Next?

Many businesses saw their share prices collapse in early 2025. But not Palantir Technologies (PLTR 1.06%). Palantir stock has risen by nearly 30% this year, with analysts very bullish on the company’s prospects for both 2025 and 2026.

With Palantir’s stock price hovering around the $100 mark for the second time in its history, could a stock split be in store this year?

Will Palantir Technologies conduct a stock split in 2025?

Since going public in 2020, Palantir has never conducted a stock split. That has helped its stock price zoom from under $10 five years ago to roughly $100 today.

But the price of a single share doesn’t tell you much about a company’s prospects. Stock splits demonstrate this reality well. If Palantir conducted a 10-for-1 stock split tomorrow, it would bring the share price down to around $10 apiece — roughly where shares traded back in 2020. But did the stock really get any cheaper? The answer is no. If you multiply the new lower share price by the new higher share count, the resulting market cap remains the same.

While conducting a stock split might make shares look cheaper to a casual observer, a quick glance at some of Palantir’s competitors like IBM and Snowflake suggests that a share split would be unnecessary.

SNOW data by YCharts

Both IBM and Snowflake have higher absolute share prices than Palantir even though they both have lower market capitalizations. And in recent years, there has been a marked reduction in stock splits across companies of nearly every sector.

In combination, there’s little reason to expect a stock split from Palantir in 2025. It wouldn’t make shares any cheaper on paper versus primary competitors, and many businesses have avoided conducting stock splits this decade, even as their stock prices soared. Even if management did decide to conduct a stock split, just know it would still have very minimal impact on the company’s long-term intrinsic value.