TLDR
- PLTR trades around $192.35, about 8% below its 52-week high of $207.52.
- Revenue jumped 93% year over year to $1.94 billion, with U.S. government revenue up 90%.
- Palantir raised full-year revenue guidance to roughly $8.15-$8.16 billion.
- Analysts are split: 23 Buy, 10 Hold, 3 Sell, with an average target of $195.33.
- The UK government is reportedly reviewing alternatives to Palantir for NHS and defense work.
Palantir (PLTR) stock is trading around $192.35, sitting about 8% below its 52-week high of $207.52. The stock has climbed steadily from near $160 in August.
Palantir Technologies Inc., PLTR
The move higher comes after another strong earnings report. Palantir posted $1.94 billion in revenue last quarter, up 93% from a year earlier.
U.S. government revenue grew even faster in dollar terms, rising 90% to $809 million. Management responded by raising full-year revenue guidance to roughly $8.15 billion to $8.16 billion.
That’s a big jump from the company’s earlier forecast. It shows Palantir’s AI push is translating into real contracts, not just pilot programs.
Government and sovereign AI momentum building
The Pentagon made Palantir’s Maven AI system an official program of record earlier this year. That locks the technology more firmly into U.S. military operations going forward.
Palantir also signed a $300 million agreement with the USDA. The company keeps adding new government deals on top of its existing book of business.
A newer angle is sovereign AI. Palantir partnered with Armada to pair its Sovereign AI Operating System with customer-owned data centers that can run fully outside the public cloud.
That setup lets governments and companies keep their AI models and data under their own control. It’s a notable shift away from relying on AWS or Azure for everything.
Palantir has also expanded its partnership with Fujitsu, which will deploy AIP and Foundry software. Fujitsu has already used the technology to connect data from more than 3,000 suppliers and 18 factories for a Japanese manufacturer.
Overseas pushback and a crowded valuation debate
Not everything is going smoothly abroad. The UK government is reportedly looking at British alternatives to Palantir for parts of its NHS and defense infrastructure.
A Financial Times analysis found that more than 20 NHS trusts had dropped certain Palantir waiting-list tools. That’s a real crack in Palantir’s international expansion story.
MarketBeat tracks 36 analysts on the stock. The split is 23 Buy or Strong Buy, 10 Hold, and 3 Sell, adding up to a Moderate Buy consensus.
Deutsche Bank Upgrades $PLTR to Buy from Hold, PT $200
Analyst comments: "Palantir’s 2Q results were exceptional even by the company’s own increasingly anomalous standard. The quarter further reinforces our view that Palantir is operating several steps ahead of the rest of… pic.twitter.com/0ZspkuQD76
— Wall St Engine (@wallstengine) August 4, 2026
The average price target sits at $195.33, barely above where the stock trades today. Targets range from a high of $255 to a low of $80, showing just how far apart bulls and bears remain.
UBS and DA Davidson both recently raised their targets to $250. Rosenblatt kept its target at $225, while Goldman Sachs stayed Neutral.
The real sticking point is valuation. MarketBeat puts Palantir’s P/E ratio at around 162 times earnings, with a market cap above $450 billion.
That’s an expensive multiple for any software company, even one growing revenue near 90%. The bull case rests on Palantir sustaining that pace for years to justify the price tag.
On the charts, PLTR faces resistance between $198 and $205, an area that includes both a rising channel line and old supply. A close above that zone could open a path toward $220-$225.
First support sits around $180 to $183, where the short-term uptrend line currently runs. A break below $180 would raise the odds of a deeper pullback toward $160.
The stock’s RSI reads 64.56, which is firm without being overbought. MACD has just turned slightly positive, though the histogram remains fairly flat.
Volume has been fairly light during the recent climb toward $200. A breakout on stronger volume would carry more weight than one on thin trading.
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