Overview

• Palantir’s second-quarter revenue topped $1 billion, a 48% year-over-year increase, prompting the company to raise its full-year guidance to $4.14–4.15 billion.
• The firm secured a consolidated $10 billion, ten-year contract with the U.S. Army that merges 75 separate agreements into a single deal.
• Shares reached all-time highs after the earnings beat and defense contract announcement drove investor optimism.
• Wedbush analyst Dan Ives lifted his price target to $200 and projected Palantir could surpass a $1 trillion market cap within three years.
• RBC Capital’s Rishi Jaluria assigned a $45 target and cautioned that a forward P/E above 450× could expose the stock to a 75% downside.