+2.40% to $198.78 from $194.12
What moved PLTR
- Goldman Sachs analyst Gabriela Borges raised her rating on Palantir to Buy from Neutral and lifted the 12-month price target to $230 from $204.
- Borges cited a “step function” increase in Palantir’s addressable market driven by demand for sovereign artificial intelligence, bespoke software development and specialized vertical sales, and said she expects another phase of outperformance into 2027.
- The upgrade followed an initiation of coverage on Palantir the prior day by an analyst at Dan Ives’ Yorkville Ives with an Outperform rating and $250 price target.
- Palantir was cited as one of the few stocks to close higher as the broader Nasdaq fell for a second straight session on AI-spending concerns tied to OpenAI’s revenue.
Sources: GuruFocus · 24/7 Wall St. · Yahoo Finance
+1.03% to $174.34 from $172.56
What moved PLTR
- UBS raised its price target on Palantir to $250 from $220 and reiterated a Buy rating following the company’s AIPCon11 customer event.
- The bank cited strong AI sovereignty demand, record bookings and 157% net dollar retention as drivers of the higher target.
- UBS said Palantir trades at a discount to other AI-software peers despite some of the sector’s highest growth and margin profiles.
Sources: GuruFocus · Investing.com · BigGo Finance
-2.25% to $175.89 from $179.94
What moved PLTR
- Palantir shares fell as institutional investors booked profits following a sharp run-up in the stock.
- Ark Invest sold about 156,110 Palantir shares worth roughly $27.2 million on Aug. 21.
- The stock trades at a forward price-to-earnings multiple of more than 112 times, versus a sector median near 23 times, underscoring valuation concerns.
- Palantir’s June-quarter revenue rose 92.8% year over year to $1.94 billion, with an operating margin of 47.1%.
Sources: TradingKey · Yahoo Finance · Ad Hoc News
-2.60% to $158.43 from $162.66
What moved PLTR
- Q2 revenue rose to about $1.94 billion, up 93% year-over-year and ahead of consensus estimates near $1.81 billion.
- Adjusted EPS of $0.41 topped the analyst consensus of roughly $0.34-$0.35.
- U.S. commercial revenue surged 149% year-over-year, while U.S. government revenue reached $809 million.
- The company raised full-year 2026 revenue guidance to $8.15 billion-$8.158 billion, implying roughly 82% growth.
Sources: CNBC · Zacks · TradingKey
+29.45% to $162.66 from $125.65
What moved PLTR
- Q2 revenue came in at $1.94 billion, up 93% year over year and above analyst estimates of about $1.81 billion.
- Net income rose to $1.07 billion (41 cents per share) from about $329 million (13 cents per share) a year earlier.
- U.S. commercial revenue grew 149% year over year to $764 million, while U.S. government revenue grew 90% to $809 million.
- The company raised full-year 2026 revenue guidance to $8.15-$8.16 billion (82% growth) from a prior $7.65-$7.66 billion range.
- Shares surged as much as 17% in premarket trading following the results.
Sources: CNBC · GuruFocus · Business Wire
+2.10% to $125.65 from $123.06
What moved PLTR
- Second-quarter revenue rose 93% year-over-year to $1.94 billion, above the roughly $1.80 billion analysts expected, with earnings of $0.41 per share topping the $0.33 consensus estimate.
- U.S. commercial revenue climbed 149% from a year earlier to $764 million, while U.S. government revenue grew 90% to $809 million.
- Net income rose to $1.07 billion, up from about $329 million in the year-ago quarter.
- The company raised its 2026 U.S. commercial revenue guidance to “in excess of” $3.42 billion, up from a prior forecast of $3.22 billion.
Sources: CNBC