Overview

• Palantir shares climbed to an intraday high of nearly $150, marking a 96% gain year-to-date.
• Q1 revenue rose 39% to $884 million, driven by a 71% surge in U.S. commercial sales that lifted its annual run rate beyond $1 billion.
• Wedbush raised its price target to $160 with an outperform rating, and Mizuho upgraded its outlook to Neutral with a $135 target, reflecting confidence in Palantir’s AI strategy.
• The stock trades at lofty multiples, with a forward price-earnings ratio above 255 and a price-sales ratio near 90, underscoring high growth expectations and valuation concerns.
• Investors are focused on the company’s second-quarter results due August 4 for signs of sustained revenue acceleration.