+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