Key Stats for Palantir Stock
- Current Price: $209.05
- Target Price (Mid): ~$1,495
- Street Target: ~$201
- Potential Total Return: ~615%
- Annualized IRR: ~59% / year
Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free) >>>
What Happened?
Palantir Technologies (PLTR) closed at a record $209.05 on October 9, 2026, up 5.17% and above its prior high of $207.18 from November 3, 2025. The gain was roughly eight times the Nasdaq’s 0.64% rise that day.
Shares jumped as Barclays analyst Anthony Valentini initiated coverage at Overweight with a $265 target. That target is about 32% above the Street’s $200.88 mean and above the $255 high TIKR lists. Goldman Sachs had upgraded the stock to Buy with a $230 target on October 8. The guidance in Palantir’s investor relations materials leaves the Street’s Q3 estimates only a sliver above the company’s own range.
Barclays Filed Palantir Under Defense, Where Revenue Grew 90%
Barclays’ Palantir call was one of six Overweight initiations in a new aerospace and defense coverage launch. The others included SpaceX (SPCX) at $254, Boeing (BA) at $300, RTX (RTX) at $223, and Rocket Lab (RKLB) at $85. The bank favored defense technology companies over traditional prime contractors.
Palantir’s U.S. government revenue rose 90% year over year to $809 million in Q2 2026. That trailed U.S. commercial’s 149% growth but came on a larger base. Chief Technology Officer Shyam Sankar said the company’s trailing 12-month Department of War revenue “is still less than 25 basis points of the Pentagon’s budget.” The comparison is against the entire budget, not the software spending Palantir competes for, so it signals scale rather than a market-share target.
See historical and forward estimates for Palantir stock (It’s free!) >>>
Wall Street’s Q3 Bar Sits Barely Above Palantir’s Guide
Palantir guided Q3 to revenue of $2.160 billion to $2.164 billion and adjusted operating income of $1.292 billion to $1.296 billion. The Street’s averages, around $2.18 billion and $1.31 billion, sit just 0.6% and 0.9% above the tops of those ranges. Over the past five quarters, Palantir beat the top of its own guidance by 5.7% to 8.7% on revenue and 11.9% to 20.8% on operating income.
Chief Financial Officer David Glazer said, “As in prior years, we expect a significant ramp in expense in the third quarter due to the seasonality of new hire starts and other product and marketing initiatives.” Last year’s Q3 carried that seasonal ramp and still delivered the largest operating income beat of the five.
Two of the Last Five Beats Still Sent the Stock Lower
Palantir topped Street revenue estimates in all five of those quarters. Shares still fell 7.94% the session after the Q3 2025 report and 6.93% after the Q1 2026 report. The prior record close came on November 3, 2025, the day Palantir released that Q3 report.
As of October 9, Palantir trades at a forward P/E of about 110 times, up from about 74 times on June 30. The price sits above the Street’s $200.88 mean target but below its $215 median, so analysts are split on whether shares have already priced in the next beat.
See how Palantir performs against its peers in TIKR (It’s free!) >>>
TIKR Advanced Model Analysis
- Current Price: $209.05
- Target Price (Mid): ~$1,495
- Potential Total Return: ~615%
- Annualized IRR: ~59% / year
See analysts’ growth forecasts and price targets for Palantir stock (It’s free!) >>>
The mid case is the only scenario the model card prices at the December 31, 2030 horizon, so it is the one used here. Across its 2025 to 2035 forecast, it assumes revenue growing around 57% a year and net income margins near 49%, while the P/E shrinks about 6% a year.
Near-term estimates support the direction: consensus FY2027 revenue has risen about 10% since June 30, to around $12.3 billion. The longer view rests on less, since only three analysts publish FY2030 revenue estimates.
Upside comes if Palantir keeps beating its guidance by recent margins. The downside comes if growth fades toward its 32.9% three-year revenue CAGR, which would leave little support for a 110 times multiple.
Conclusion
Palantir is expected to report Q3 results on November 2, a date the company has not yet confirmed. Revenue clearing the $2.164 billion guide high by at least 5.7%, the smallest margin of the past five quarters, would keep the pattern intact. The harder test comes the next session: whether shares hold the gain, which they failed to do after two of the last five reports.
See what stocks billionaire investors are buying so you can follow the smart money with TIKR.
So what is Palantir stock actually worth?
TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what Palantir could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.
Analyze Palantir on TIKR Free →
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!
