Palantir Technologies (PLTR) shares trade near $201 after pulling back from record highs above $212, supported by robust Q2 2026 results that showed 93% year-over-year revenue growth and a significant upward revision to full-year guidance toward $8.15 billion. U.S. commercial revenue expansion, driven by the Artificial Intelligence Platform (AIP) and sovereign AI demand, has attracted fresh analyst upgrades, including Goldman Sachs to Buy with a $230 target and Barclays to Overweight at $265. With Q3 earnings scheduled for November 2, traders are monitoring near-term momentum and any pre-report positioning that could influence the month-end close amid elevated valuation multiples and broader tech sector volatility.