Palantir receives USD 31.20 million Axiom deal: Palantir stock sits 6.90 percent below high
Published on 10/05/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Palantir Technologies (ISIN US69608A1088) received a government contract with a maximum value of USD 31.20 million for its Axiom data platform on October 1, 2026, according to Boerse Express. Palantir stock was trading 6.90 percent below its EUR 181.34 52-week high, based on the EUR 168.82 Lang & Schwarz price and the high dated October 4, 2026.
Government demand meets rapid growth
The Axiom award adds to Palantir's government software activity, covering electronic health records, interagency data management and secure data integration. The contract also connects the company's newer data platform with the StateChat generative artificial intelligence application, giving the award a direct link to Palantir's public-sector product strategy.
Palantir's latest reported quarter ended June 30, 2026. Revenue reached USD 1.94 billion, up 92.80 percent from the year-earlier quarter, while earnings per share came to USD 0.41 versus USD 0.34 expected, according to MarketBeat. The USD 0.07 earnings-per-share gap and the revenue growth rate show why contract wins remain important to the valuation debate.
Analysts split on valuation
UBS analyst Karl Keirstead raised his price target from USD 220 to USD 250 on September 15, 2026, while retaining a Buy rating, as TheStreet reported. The higher target contrasts with Goldman Sachs analyst Gabriela Borges, who maintained a Neutral rating and a USD 204 target on September 30, 2026, according to Stock Analysis.
The split is material because the stock's growth figures are strong while the valuation leaves less room for execution setbacks. Palantir's second-quarter net income was USD 1.06 billion and its operating margin was 47.00 percent, based on the quarter ended June 30, 2026.
Price remains below the yearly high
Palantir stock was trading at EUR 168.82 at Lang & Schwarz on October 5, 2026 at 10:32 a.m. CEST, up 0.53 percent versus the Lang & Schwarz prior close of EUR 167.93 dated October 2, 2026. The finance quote placed Palantir's market capitalization at USD 433.4 billion as of October 2, 2026, while the next reported release was listed for November 9, 2026 by Investing.com. The further course of trading is shown by the continuously updated real-time quote of Palantir stock.
Palantir stock facts
- Company: Palantir Technologies Inc.
- ISIN: US69608A1088
- Ticker: PLTR
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 5, 2026, 10:32 a.m. CEST): EUR 168.82
- Change versus prior close: plus 0.53 percent
- Prior close Lang & Schwarz (October 2, 2026): EUR 167.93
- Market capitalization: USD 433.4 billion (as of October 2, 2026)
- 52-week range: EUR 94.58-EUR 181.34 (as of October 4, 2026)
- Index membership: S&P 500, Nasdaq 100
- Next earnings date: November 9, 2026
