Palantir shares closed at $189.67 on September 25 after a sharp post-earnings rally that lifted the stock from June lows near $106 to within striking distance of the $207.52 52-week high. Traders are pricing elevated odds for a close above $198 this week on sustained AI demand, record U.S. commercial revenue growth of 149% year-over-year in Q2, and raised full-year guidance, while the 17.5% probability on a sub-$180 finish reflects concerns over stretched valuations near 162 times earnings and recent profit-taking. With no major catalysts until the November 2 earnings release, sentiment hinges on broader tech sentiment, Treasury yields, and whether momentum can overcome the elevated multiples.