Palantir stock: At USD 201.12, Palantir stock sits 5.55 percent below its 52-week high

Published on 10/22/2026 at 15:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 1.94 billion, up 93.00 percent year over year. Palantir stock costs USD 201.12 on October 22, 2026, down 0.30 percent on Nasdaq.

Price and growth in view

Palantir stock stood at USD 201.12 on October 22, 2026, 5.55 percent below its 52-week high.
Second-quarter revenue reached USD 1.94 billion, up 93.00 percent year over year.
Goldman Sachs set a USD 230.00 target on October 8, 2026.
Third-quarter results are scheduled for November 2, 2026.

Aquarell-Illustration der Denver-Skyline mit schneebedeckten Rocky Mountains in Pastellfarben — Palantir Technologies Inc (US69608A1088) – Aquarell der Denver-Skyline vor schneebedeckten Rocky Mountains in weichen Pastelltönen, Illustration mit AI erstellt.

Palantir Technologies Inc. (ISIN US69608A1088) stood at USD 201.12 on the Nasdaq on October 22, 2026 at 9:31 a.m. ET, 5.55 percent below its 52-week high of USD 212.94. The price frame leaves the company's latest growth figures and valuation debate as the main investor reference points. Palantir stock was down 0.30 percent from the prior Nasdaq close in early trading.

Q2 revenue reached USD 1.94 billion

Palantir reported USD 1.94 billion in second-quarter 2026 revenue, an increase of 93.00 percent from the second quarter of 2025. Its GAAP operating income reached USD 912.00 million, equal to a 47.00 percent operating margin, while GAAP net income attributable to common shareholders was USD 1.06 billion. These figures came from the company's second-quarter earnings call dated August 3, 2026, published by Yahoo Finance.

Palantir trades below its yearly high

The USD 11.82 gap to the 52-week high leaves the stock 5.55 percent below that level. Palantir's market capitalization was USD 462.7 billion on October 22, 2026, while its trailing P/E ratio stood at 170.95. The valuation places a high burden on the company to convert rapid revenue growth into durable earnings.

Goldman target and November 2 date

Yahoo Finance reported that Goldman Sachs upgraded Palantir from Neutral to Buy on October 8, 2026 and set a twelve-month target of USD 230.00. That target is 14.36 percent above the current Nasdaq price. Business Wire reported on October 12, 2026 that third-quarter results for the period ended September 30, 2026 are scheduled for November 2, 2026 after the U.S. market close, followed by a 5:00 p.m. ET webcast.

Comparison with peers

Palantir Technologies: down 0.30 percent, P/E 170.95, market capitalization USD 462.7 billion.

Salesforce: up 0.89 percent, P/E 22.06, market capitalization USD 200.8 billion. ServiceNow: up 0.77 percent, P/E 95.70, market capitalization USD 159.5 billion.

Growth meets a demanding valuation

Palantir's second-quarter revenue growth was considerably faster than the valuation multiples of Salesforce and ServiceNow suggest for those peers, but its own P/E was also much higher. The November 2 report will therefore test whether the latest expansion in revenue and operating profit is continuing at a pace that supports the stock's elevated valuation.

Palantir was trading at USD 201.12 on the Nasdaq on October 22, 2026 at 9:31 a.m. ET, down 0.30 percent on the day.

Market context: Market report S&P 500.

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