Palantir stock holds near a record valuation after Q2 surge
Published on 08/30/2026 at 16:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Palantir Technologies Inc. (US69608A1088) is trading at $186.29 after a 0.19% one-day gain, with a market capitalization of $447.66 billion on August 29, 2026. The stock's 52-week range runs from $106.37 to $207.52, putting the latest quote close to the top of that band.
Q2 growth stays the main driver
In the second quarter, revenue rose 93% year over year to $1.94 billion, earnings per share reached $0.41, and US commercial revenue jumped 149% to $764 million. The same report showed government revenue up 90% to $809 million, while full-year 2026 revenue guidance was lifted to $8.15 billion to $8.16 billion, a larger outlook than the prior $7.65 billion to $7.66 billion range.
That combination matters because Palantir is already valued at 159.22 times trailing earnings, so the market is paying for growth that must keep arriving at speed. The latest analyst snapshot still shows a consensus price target of $192.19, only modestly above the current quote.
Valuation keeps pressure on
The current setup leaves little room for disappointment: revenue growth of 93% is exceptional, but the share price already reflects a company worth more than $447 billion. For investors, the key comparison is the gap between the current multiple and the still-rapid expansion in US commercial sales, which rose 149% in the quarter.
Volume on the latest session was 24.99 million shares, below the average of 47.29 million, which suggests the move has not been driven by unusually heavy turnover. The 1-year low of $106.37 and 1-year high of $207.52 also frame how far the stock has traveled since the start of the year.
Palantir Gotham and Foundry
Palantir Gotham is the defense and intelligence platform, while Foundry serves commercial customers that need data integration, modeling, and operational workflows. Apollo handles deployment across cloud and on-premises environments, which is central to how the company sells recurring software into large organizations.
Palantir stock price today
Palantir stock traded at $186.29 as of August 28, 2026, 4:00 p.m. ET, with a market cap of $447.67 billion and a 52-week range of $106.37 to $207.52.
Fact box
Company: Palantir Technologies Inc.
ISIN: US69608A1088
Ticker: PLTR
Exchange: NASDAQ
Price (as of August 28, 2026, 4:00 p.m. ET): $186.29 USD
Market cap: $447.67 billion (as of August 28, 2026)
Sector / Industry: Technology / Software - Application
Index membership: Nasdaq-100
