Palantir(PLTR) recently won several government contracts, adding to its revenue. Palantir is also growing its number of commercial clients at an impressive rate. PLTR stock is trading at a reasonable valuation and is a buy for the long term. Big data analytics companyPalantir(NYSE:PLTR) is a government favorite and was considered highly attractive based on the number of contracts it was receiving. Many investors thought that PLTR stock could soar to new heights after its initial public offering in 2020; however, they were wrong.PLTR stock started its stock market journey on a high note and hit $35 in January 2021, but has been on a downward trend since then.The company hasn’t been able to hit $30 per share since reaching that point and has been trading below $20 for the past six months. Cu