Palantir shares closed at $189.67 on September 25 after trading near $194 intraday, supported by accelerating U.S. commercial revenue that surged 149% year-over-year in Q2 to $764 million and overall revenue of $1.94 billion, up 93%. The company raised full-year 2026 revenue guidance to $8.15–8.158 billion, implying 82% growth, while posting a Rule of 40 score of 155% and adjusted free cash flow margins above 60%. Strong AI platform demand and government contracts continue to drive momentum, though the stock trades at over 160 times trailing earnings with analyst price targets clustered near $195–$250. Q3 results expected in early November fall after the October close, leaving room for volatility around valuation concerns and macro risk appetite.