"Shares of Palantir Technologies Inc. (NASDAQ:PLTR) lost 1.44% over the past five trading sessions after gaining more than 15% the two weeks prior. Despite the recent slide, the stock's 2025 rally has seen PLTR gain 139.50% YTD. Over the past year, PLTR is up more than 384%, and since going public in October 2020, it has gained an eye-popping 1,857.40%."
"When the company reported Q2 earnings on Aug. 4, it announced better-than-expected results. Palantir beat on earnings and revenue, with EPS of 16 cents versus 14 cents expected, and revenue of $1 billion versus $940 expected. Revenue rose 48% YoY and crossed the $1 billion mark for the first time. As a result, Bank of America raised its price target to $180 from $150, and Deutsche Bank upgraded the stock to "Hold" from "Sell" with a price target of $160, up from $80."
Palantir's stock surged in 2025, gaining 139.50% year-to-date, over 384% in the past year, and 1,857.40% since its October 2020 IPO. The company announced a £1.5 billion U.K. defense partnership and secured a $10 billion software and data contract with the U.S. Army. A federal contract worth hundreds of millions was awarded to develop a national database, and a $30 million ICE contract will create an immigration Lifecycle Operating System for deportations. Q2 results beat expectations with EPS of $0.16 and revenue of $1 billion, up 48% year-over-year. Major banks raised price targets. Data services market projections show growth to $401.2 billion by 2028.
Read at 24/7 Wall St.
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