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Palantir Nears All-Time High as Price Targets Climb Ahead of Q2 Earnings

Price targets from Loop Capital alongside those from Wedbush rose ahead of Monday’s Q2 report, drawing scrutiny of elevated forward P/E ratios after this week’s weak U.S. jobs data.

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(Spyro the Dragon/Shutterstock)

Overview

  • Palantir’s shares have surged about 109.7% year-to-date and 501.5% over the past 52 weeks, trading near record levels before its next earnings release.
  • Analysts forecast Q2 revenue of roughly $939 million, up 39% year-over-year, and adjusted EPS of $0.14 when results arrive after markets close on August 4.
  • Loop Capital’s Mark Schappel lifted his price target to $178 and Wedbush set its goal at $160, yet just two of 12 brokers tracked by Visible Alpha maintain a Buy recommendation.
  • The stock slipped nearly 2% Friday as below-forecast U.S. payrolls data fueled concerns over delayed Fed rate cuts and stressed its forward P/E near 270 times earnings.
  • Robust U.S. commercial growth—71% in Q1—contrasts with uneven international AI adoption, making next week’s guidance crucial for sustaining expansion.