TLDR
- Palantir stock has climbed 46% in August and 43% since its August 3 earnings report, with PLTR trading around $179.94.
- Q2 revenue jumped 92.8% year over year to $1.94 billion, beating the $1.81 billion estimate; EPS of $0.41 beat the $0.34 consensus.
- Trump’s investment accounts purchased PLTR on June 3, June 23, and June 24, per U.S. Office of Government Ethics disclosures.
- Wall Street holds a Moderate Buy consensus with an average price target of around $192-$197, implying roughly 10% upside.
- Risks include a P/E ratio above 153, over $30 million in insider selling over three months, and renewed bearish positioning from Michael Burry.
Palantir Technologies (PLTR) has been one of the standout stories of August, with the stock up roughly 46% for the month. It opened at $179.94 on Friday, putting its market cap at $432.41 billion.
Palantir Technologies Inc., PLTR
The move accelerated after the company dropped its Q2 earnings report on August 3. Revenue hit $1.94 billion, up 92.8% year over year, easily clearing the $1.81 billion consensus estimate.
U.S. commercial revenue was the headline number, surging 149% to $764 million. Operating cash flow came in at $1.22 billion for the quarter.
EPS landed at $0.41, topping the $0.34 analyst estimate by $0.07. A year ago, the company posted $0.16 EPS for the same period.
Management also raised its full-year 2026 revenue, operating income, and free cash flow outlook following the results. Record contract value pointed to continued demand across both commercial and government customers.
Analyst Reaction
Bank of America’s Mariana Perez Mora kept her Buy rating and holds a Street-high price target of $255. She cited strength in PLTR’s U.S. commercial business and raised her 2026 and out-year estimates.
Phillip Securities analyst Alif Fahmi lifted his target to $215 from $202, maintaining a Buy. He pointed to Palantir’s Ontology and AIP tools as key drivers of enterprise AI adoption.
Deutsche Bank moved from Hold to Buy, setting a $200 target. Northland Securities also set a $200 target on August 4.
Across the board, Palantir currently holds a Moderate Buy consensus from 16 Buys, four Holds, and two Sells. The average price target sits around $192 to $197, pointing to roughly 10% upside from current levels.
Risks Worth Watching
The stock trades at a forward P/E of 112.2x against a sector median of 23.19x. The trailing P/E sits even higher at 153.79. That kind of premium leaves little room for error if growth slows.
Insider selling has been heavy. Over the past three months, insiders offloaded $30.7 million worth of stock. Director Lauren Elaina Friedman Stat sold 3,032 PLTR on August 5 at $165.00 per share.
Michael Burry has renewed a bearish options position against the stock. He has also flagged risks around leverage and circular financing in the broader AI data center sector.
On a separate note, Trump’s investment accounts bought PLTR on June 3, June 23, and June 24, according to U.S. Office of Government Ethics filings. The June 3 purchase was valued between $1,001 and $15,000. The June 23 and June 24 buys followed the June 14 U.S.-Iran peace agreement.
Institutional investors hold 45.65% of the company. Great Lakes Advisors LLC added a new stake of 61,137 PLTR in Q2, valued at roughly $7.13 million.
PLTR’s 52-week range runs from $106.37 to a high of $207.52.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
