Palantir Technologies: Is PLTR Stock Still a Buy After Hitting a New 52-Week High? - AInvest

This article examines Palantir Technologies' remarkable stock performance and analyst outlook following strong Q2 earnings results that drove shares to new highs.

Palantir's stock has delivered exceptional returns with a 135% year-to-date surge and 580% gain over 12 months, reaching new all-time highs after reporting impressive Q2 results. The AI-driven data analytics company exceeded earnings expectations with $1 billion in revenue and strong growth across both commercial and government segments. Despite the stellar performance, analysts maintain cautious Hold ratings due to valuation concerns, with average price targets suggesting potential downside from current levels.

• Revenue jumped 48% year-over-year to $1 billion, beating analyst forecasts
• U.S. commercial segment nearly doubled to $306 million while government revenue grew 53%
• Stock hit new all-time high of $180 with 139% year-to-date gains
• Analysts raised price targets but maintain Hold ratings due to high valuation concerns