Palantir stock slips as D.A. Davidson lifts price target on strong Q2 growth
Published on 09/11/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Palantir Technologies Inc. stock (ISIN US69608A1088) closed at USD 165.86 on Nasdaq on September 10, 2026, down 2.16% from the previous session, leaving the shares below their recent 52-week high of USD 207.52 and in focus for investors watching the artificial intelligence rally.
Analyst targets rise on September 11, 2026
According to Futunn on September 11, 2026, D.A. Davidson analyst Gil Luria reiterated a Buy rating on Palantir Technologies and raised his price target from USD 200 to USD 250, signaling increased confidence in the company’s ability to monetize its data and AI platforms.
Market data compiled by MarketBeat as of September 10, 2026 show that Palantir Technologies carries a consensus rating of Moderate Buy from 36 analysts, with an average price target of USD 192.19, implying roughly 13% to 16% upside from a share price in the mid-USD 160s.
The same MarketBeat overview indicates that individual analyst targets range from a low of USD 80.00 to a high of USD 255.00, underscoring the wide dispersion of views on Palantir’s valuation despite its strong growth profile and positioning in government and commercial AI applications.
Q2 FY2026 revenue surges and guidance raised
As 24/7 Wall St reported on September 10, 2026, Palantir’s Q2 FY2026 revenue reached a record USD 1.94 billion, up 92.83% year over year, while adjusted earnings per share came in at USD 0.41, beating a USD 0.28 consensus estimate and highlighting the earnings leverage of its software and AI platforms.
The same report notes that U.S. commercial revenue jumped 149% in Q2 FY2026 to USD 764 million, showing that Palantir’s growth is increasingly driven by private-sector adoption of its data integration and AI solutions rather than only by government contracts.
According to 24/7 Wall St, management raised full-year FY2026 revenue guidance to a range of USD 8.150 billion to USD 8.158 billion following the Q2 release, which, if achieved, would represent robust growth from the current run rate and supports the more optimistic analyst targets such as D.A. Davidson’s USD 250 level.
For investors evaluating growth sustainability, the article highlights that Palantir’s Rule of 40 score reached 155% in Q2 FY2026, combining high growth and strong profitability and placing the company well above the threshold often used by analysts to judge the health of software and cloud businesses.
Valuation tensions and recent price action
An analysis on Investing.com dated September 10, 2026 points out that Palantir was trading at USD 166.81 at 1:00 p.m. Eastern Time on that day, giving the company a market capitalization of USD 407.39 billion and a trailing price-to-earnings ratio of 133.0x based on figures through June 30, 2026.
The same Investing.com piece calculates a fair-value estimate of USD 129.60 per share as of September 10, 2026, implying 22.3% downside from the then-current price, and contrasts this with analyst-target upside of 20.9% as of June 30, 2026, illustrating how model-driven valuation and Wall Street consensus diverge on Palantir.
In parallel, commentary on Motley Fool on September 11, 2026 notes that Palantir shares trade around USD 168, below a 52-week high of USD 207.52, and argues that the rich valuation multiple is a key reason some investors remain cautious despite the company setting an internal growth target of 134% over the next 18 months.
Short-term volatility has been pronounced as well: a macro brief on Pomegra Briefs dated September 11, 2026 reports that Palantir fell 6% to USD 169.46 in one recent session as profit-taking followed an August surge of 48% and Treasury yields around 4.9% put pressure on high-valuation growth stocks.
Stock level and market data as of September 10, 2026
Per Nasdaq data cited by Charles Schwab, Palantir Technologies Inc. shares closed at USD 165.86 on Nasdaq on September 10, 2026, down 3.67 points or 2.16% on the day, after trading in a range that left them comfortably above the 52-week low of USD 106.37 and still below the 52-week high of USD 207.52.
Palantir Technologies stock profile
- Company: Palantir Technologies Inc.
- ISIN: US69608A1088
- Ticker: PLTR
- Trading venue: Nasdaq
- Price (as of September 10, 2026): 165.86 USD
- Market capitalization: 407.39 billion USD (as of September 10, 2026)
- Sector / Industry: Information Technology / Software
- Index membership: S&P 500
