Palantir Technologies (PLTR) shares reached fresh record highs near $213 intraday on October 12, 2026, closing around $209 amid strong momentum from second-quarter results that delivered 93% year-over-year revenue growth to $1.935 billion, including 149% U.S. commercial expansion, and prompted raised full-year guidance to $8.15–8.158 billion. Analyst upgrades, including Goldman Sachs moving to Buy with a $230 target and Barclays initiating Overweight at $265, alongside Baird lifting its target to $250, have reinforced positioning in sovereign AI and defense platforms. Traders are monitoring the November 2 third-quarter earnings release for further signals on commercial traction and free-cash-flow trends near $4.5–4.7 billion for the year.