July 17 - Palantir Technologies (PLTR, Financial) shares climbed to an all‑time peak of $153.7 in morning trading on Thursday, gaining about 2%, marking the stock's strongest performance to date.
Investors are bracing for Palantir's Q2 earnings on Aug. 4, with Wall Street analysts forecasting adjusted earnings of $0.54 per share, a 54% rise year‑over‑year, and revenue of $937.5 million, up 38% from a year ago.
The data analytics firm's premium valuation reflects optimism that it will secure additional U.S. government contracts under the incoming administration. Retail enthusiasm for its generative AI solutions may also be driving demand, even though commercial revenue growth has yet to accelerate substantially.
As the company readies its second‑quarter results, many traders see the run‑up as a barometer for broader AI and defense-tech sentiment, making next week's report a pivotal moment for PLTR's trajectory.
Is PLTR Stock a Buy or Sell?
Based on the one year price targets offered by 20 analysts, the average target price for Palantir Technologies Inc is $106.46 with a high estimate of $160.00 and a low estimate of $40.00. The average target implies a downside of -30.59% from the current price of $153.37.
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