Key Takeaways for Palantir Technologies Stock as of July 2026
- TIKR’s model targets $870 for Palantir stock, a 557% total return by 2030.
- Wall Street splits 19 buys, 1 outperform, 10 holds, 2 no opinions, 1 underperform and 1 sell, leaving a mean target near $183.
- In the first quarter, Palantir’s US business grew 104% year over year for the first time as a public company, pushing management to raise 2026 revenue guidance by the widest margin in company history.
- Shares still sit 36% below their June 2026 peak, even after the 48% max drawdown began to fade.
Palantir Stock Just Crossed the 100% US Growth Threshold for the First Time
Palantir Technologies (PLTR) delivered 104% year-over-year growth in its US business during the first quarter of 2026, the first time that segment has crossed triple digits since the company went public.
Total revenue climbed 85% year over year and 16% sequentially to $1.633 billion, beating Street estimates of $1.542 billion by 5.90%. The quarter, reported May 4, 2026, marked the eleventh straight quarter of accelerating growth.
The breakdown inside that US number matters. US commercial revenue grew 133% year over year to $595 million, and US government revenue grew 84% year over year to $687 million. Net dollar retention jumped to 150%, up 1,100 basis points from the prior quarter. Adjusted EPS came in at $0.33 against a $0.28 estimate, an 18.08% beat, while adjusted free cash flow of $925 million topped estimates by 10.49%.
CFO Dave Glazer tied the acceleration directly to the company’s forward outlook: “we are raising our full year 2026 revenue guidance midpoint to $7.656 billion, representing 71% growth year-over-year, a 10-point increase over our full year 2026 revenue guidance from last quarter and our largest ever full year revenue guidance raise.” That single sentence is the whole thesis. Palantir didn’t just beat a quarter, it reset the trajectory the Street uses to model the rest of the year.
This is the development repricing Palantir stock. A 10-point guidance raise built on a US business that just crossed 100% growth isn’t a one-quarter anomaly, it’s a structural reacceleration the market has yet to fully credit.
Palantir Stock Trades 36% Below Its Peak Even as Analysts Warm Up
Palantir stock hit a maximum drawdown of 48% on June 25, 2026, weeks after the company reported the growth acceleration and guidance raise described above. Shares have since clawed back to a 36% drawdown as of July 17, 2026, still a wide gap from the highs even with the fundamental story improving.
Wall Street currently carries 19 buys, 1 outperform, 10 holds, 2 no opinions, 1 underperform and 1 sell on Palantir stock, pushing the mean target to $183.12 against a $132.38 close, a 38% implied gap.
That buy count has nearly tripled since mid-2025, when only 3 analysts rated the stock a buy, and it climbed steadily through the year as the US growth numbers came in ahead of expectations, reaching 16 buys by March 2026 and 19 by July.
TIKR Values Palantir Stock at $870, Pricing In Continued US Growth Acceleration
TIKR’s mid case model values Palantir stock at $870 by December 2030, implying a 557% total return from the current price of $132, or 52% annualized over the next 4.5 years.
That annualized rate sits far above what investors typically demand from a mega cap software name, pricing Palantir stock closer to a compounder than a mature enterprise vendor.
TIKR’s mid case assumes 53% average annual revenue growth through 2035, a bar Palantir’s US business already cleared in the first quarter with room to spare. Sustained execution across the government and commercial franchises Ryan
Should You Invest in Palantir Technologies Inc.?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up Palantir Technologies Inc. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track Palantir Technologies Inc. alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
