Overview

• Palantir briefly hit an intraday high of just over $160 on July 25, extending its rally to record levels
• The company’s market capitalization climbed to approximately $375 billion, placing it among the 20 most valuable U.S. firms and overtaking Home Depot and Procter & Gamble
• Piper Sandler analysts branded Palantir a secular AI winner with an Overweight rating and set a $170 price target
• Year-to-date gains of 109% and a 480% rise over the past 12 months reflect strength in government contracts and retail investor enthusiasm
• Investors are focused on the August 4 Q2 earnings report, which Wall Street expects to show profit of $0.54 per share and revenue of $937.5 million