Palantir shares closed at $189.67 on September 25, 2026, after a sharp rally that pushed the stock to its highest levels since late 2025 on robust Q2 results. Revenue surged 93% year-over-year to $1.94 billion, with U.S. commercial revenue jumping 149%, prompting management to raise full-year guidance to roughly 82% growth. Traders are pricing in continued AI-driven demand and expanding commercial traction, supported by recent analyst upgrades and price targets clustered around $195–$225. However, the stock’s elevated valuation—forward P/E above 150—leaves it sensitive to any signs of growth moderation or broader tech rotation ahead of the October 2 close.