On August 10, Palantir Technologies Inc. rose 3.32% in regular trading, trading at 177.321 USD/share with turnover of $35.36 billion, extending the strong uptrend following its Q2 earnings release.

The rally is driven by continued post-earnings momentum combined with a wave of institutional upgrades. Deutsche Bank upgraded the stock to Buy, Citi raised its target price to $245, UBS lifted its target to $220, and Mizuho raised to $215. The stock had previously surged nearly 40% in a single week, marking its best weekly performance since 2024.

The underlying catalyst remains Palantir's blowout Q2 results: revenue of $1.935 billion grew 93% year-over-year, with US commercial revenue surging 149% to $764 million. Total US commercial contract value exceeded $2 billion, up 153%. The company raised full-year revenue guidance to $8.15 billion, while adjusted EPS of $0.41 significantly beat the $0.28 consensus. CEO Alex Karp described the results as extraordinary, citing unleashed demand for sovereign AI.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)