Palantir Shares Rally 9%, Analysts Set $90–$230 Targets Ahead of Q2
PLTR•Palantir shares climbed over 9%, marking the biggest daily gain since April 2025 as renewed AI optimism fueled a seven-week software rally. Analyst targets now range from $90 to $230 versus a 161x trailing P/E multiple, highlighting a valuation divide ahead of Q2 earnings in August.
1. Price Surge on AI Optimism
Palantir shares rose by more than 9% on May 29, achieving their largest one-day gain since April 2025. This upswing coincided with a broader seven-week rally in software stocks driven by renewed enthusiasm for artificial intelligence applications.
2. Analyst Valuation Divergence
Analysts now hold diverging views on Palantir’s valuation, with price targets spanning $90 to $230. This split reflects debate over the company’s 161x trailing price-to-earnings multiple and its ability to meet growth expectations.
3. Next Catalyst: Q2 Earnings
Investors are eyeing the firm’s Q2 earnings report due in August as the next key catalyst for stock movement, seeking clarity on revenue growth, AI integration milestones, and margin expansion.
