PLTR
The AI hype train is still pulling into the station
Palantir just got another thumbs-up from Wall Street: the analyst behind this note kept a Buy rating and lifted the price target from $183 to $196. Translation? The market’s still rewarding Palantir for turning its AI pitch into actual revenue, not just slick demo-day energy.
Why the bull case keeps getting louder
The note leans hard into the same themes that powered the post-earnings rally:
- Q2 2026 revenue surged 93% year over year to $1.935 billion
- U.S. revenue jumped 115%
- management raised full-year guidance in a meaningful way
- commercial AIP momentum is still humming, while government/defense remains a sturdy backstop
That combo is basically Wall Street catnip: fast growth, better guidance, and a business mix that makes the whole thing feel less like a one-hit wonder and more like a platform story.
Not just another AI ticker anymore
The real subplot here is Palantir’s shift from “interesting government software company” to “enterprise AI platform with legs.” If AIP keeps landing commercial deals while defense stays solid, the bull thesis gets a lot harder to swat away with a generic valuation complaint.
Big picture: when analysts start raising targets after a huge earnings beat instead of racing to explain it away, it usually means the market thinks the story may still be early.