Palantir Technologies (PLTR) shares traded near $208–209 during the week of October 12, 2026, following a record close above $209 amid fresh Wall Street support. Q2 2026 results delivered 93% revenue growth to $1.94 billion, led by 149% U.S. commercial expansion, prompting management to raise full-year 2026 revenue guidance to $8.15–8.158 billion. Upgrades from Goldman Sachs (Buy, $230 target) and Barclays (Overweight, $265) plus a Baird price-target increase to $250 reinforced momentum around sovereign AI demand and contract wins, though the stock’s premium valuation—above 150x trailing earnings—leaves it sensitive to any growth or macro shifts. Traders are now focused on Q3 results scheduled for November 2 as the next key catalyst.