Overview
- Palantir shares have more than doubled in 2025 and climbed about 500% year-over-year, trading near $160 as investor enthusiasm for AI and defense contracts intensifies.
- The market cap surge has propelled Palantir past Home Depot, Procter & Gamble, Bank of America and Coca-Cola into the top 20 of U.S. companies by valuation.
- Piper Sandler’s Brent Bracelin initiated coverage with an Overweight rating and a $170 price target, branding Palantir a “secular AI winner.”
- Wall Street expects Palantir’s August 4 Q2 report to show 54% profit growth to $0.54 per share and a 38% increase in revenue to roughly $937.5 million.
- U.S. government revenue jumped 45% to $373 million last quarter, lifting total sales 39% to $884 million even as its forward P/E near 240x prompts valuation scrutiny.