Palantir, 'Surprise Earnings' Lead to Wall Street Target Price Hikes... Up to $245 Suggested

▲ Palantir (NASDAQ: PLTR)/Source: X ©

When Palantir Technologies announced better-than-expected second-quarter earnings and an upward revision to its annual outlook, Wall Street analysts raised their price targets to as high as $245, suggesting a potential upside of approximately 50%.

According to the cryptocurrency media outlet Finbold on August 4 (local time), Palantir's adjusted earnings per share (EPS) for Q2 2026 were $0.41, surpassing Wall Street's estimate of $0.34. Revenue reached $1.94 billion, exceeding the forecast of $1.81 billion, and marked a 93% increase year-over-year. Notably, US commercial segment revenue surged by 149%, indicating growing demand for its artificial intelligence (AI) platform.

The consensus rating from 21 analysts compiled by TipRanks is a 'Moderate Buy'. Among them, 16 recommended 'Buy', 3 'Hold', and 2 'Sell'. The average 12-month price target is $188.82, which is approximately 50% higher than the previous regular trading session's closing price of $125.65. Individual price targets ranged from a low of $80 to a high of $245. Following the earnings announcement, the stock price surged to approximately $144.45 in after-hours trading.

DA Davidson maintained its 'Buy' rating and raised its price target from $175 to $200, also increasing its fiscal year 2027 revenue estimate by 7% to reflect management's upward revision. Palantir is evaluated as achieving top-tier performance in the software industry in terms of growth and profitability, despite its high enterprise value.

Tyler Radke, an analyst at Citi, raised his price target from $200 to $245 and reiterated his 'Buy' rating. This reflects Palantir's increase in its annual revenue outlook by $500 million and its US commercial segment growth forecast from 120% to 134%. Citi also raised its 2026 revenue estimates and long-term growth outlook, citing accelerating revenue growth, record performance in the US commercial segment, and improved contract metrics.

William Blair assessed that corporate demand is sustained, citing an approximately 150% increase in US commercial revenue and a 158% rise in contract value. Government business, including the NATO Maven Smart System contract, was also identified as a growth driver. Deutsche Bank upgraded its rating from 'Hold' to 'Buy' with a price target of $200, while Piper Sandler and Rosenblatt maintained their price targets of $230 and $225, respectively.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*