Palantir Shares Reach Record Highs Ahead Q3 Earnings with Strong AI Growth

Palantir Technologies (NASDAQ: PLTR) is experiencing significant growth and interest as a leading AI company, with its stock reaching an all-time high of $198.39 and a year-to-date gain exceeding 162%. Key partnerships with Nvidia and Snowflake are enhancing Palantir's AI platform capabilities, enabling faster and more secure AI model development, which is driving strong demand across commercial and government sectors. Analysts like Dan Ives of Wedbush maintain a Buy rating with a $200 price target, citing Palantir's potential to become the next Oracle due to its expanding global presence, product improvements, and talent acquisition. The company's U.S. commercial revenue is growing rapidly at 93% year-over-year, marking a shift from its traditional government focus, with management raising the 2025 revenue forecast to $4.15 billion. Despite positive momentum, some firms like RBC express caution, maintaining an Underperform rating due to concerns about Palantir's premium valuation unless it delivers a substantial beat-and-raise quarter. Palantir's upcoming Q3 2025 earnings report is highly anticipated, with expectations of strong performance supported by ongoing AI platform adoption and new enterprise deals.