At $152.17, Palantir (NASDAQ:PLTR | PLTR Price Prediction) looks priced for perfection, even after posting what may be the strongest quarter in enterprise software history.
I'm Not Concerned About Palantir's Valuation Anymore
Palantir (NASDAQ:PLTR | PLTR Price Prediction) just dropped a quarter that should have ended the debate.
Palantir (NASDAQ: PLTR) stock has fallen nearly 2.5% to $148 in overnight trading ahead of the June 3 session, extending an already hefty 5.3% decline from the previous day, fueled by insider selling activity.
Palantir has delivered the kind of quarter most software companies would envy, yet its stock is still struggling to win over every corner of Wall Street. Revenue jumped 85% in the first quarter, adjusted earnings per share surged to $0.33, and the company lifted its full-year outlook after another sharp acceleration in US demand.
PLTR's surging profitability, AI infrastructure positioning, and strong customer expansion continue fueling bullish momentum.
Recently, Zacks.com users have been paying close attention to Palantir Technologies (PLTR). This makes it worthwhile to examine what the stock has in store.
Palantir Technologies Inc. NASDAQ: PLTR surged over 20% in the last week of May. There were several reasons for that, not the least of which was a report from The Wall Street Journal that suggests the U.S. government may directly fund domestic drone companies.
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Palantir delivered 85% revenue growth and 60% adjusted operating margins, producing an exceptional Rule of 40 score of 145%. US commercial revenue surged 133%, while net dollar retention reached 150%, highlighting strong customer expansion and demand. Remaining deal value increased 98% to $11.8 billion, supporting management's confidence in sustained growth and guidance upgrades.
Palantir (NASDAQ: PLTR) stock surged almost 10% on May 29, 2026, after stronger-than-expected earnings from Dell Technologies (NYSE: DELL) reinforced investor confidence in the company's artificial intelligence strategy.
Palantir Technologies (PLTR) shares surged on Friday, marking the company's strongest single-day gain in more than a year as renewed optimism around artificial intelligence helped fuel a broad rally across software stocks. Palantir stock climbed more than 9% to around $156.54 during Friday trading, making the stock's biggest daily advance since April 2025.