On August 13, Palantir Technologies Inc. rose 3.15% in regular trading, trading at $176.08/share, with turnover of $1.209 billion, extending the strong uptrend following its Q2 earnings release.

The move was supported by a wave of institutional target price upgrades. Deutsche Bank upgraded the stock to Buy, Citi raised its target to $245, UBS lifted its target to $220, and Phillip Securities most recently raised its target from $202 to $215 while maintaining a Buy rating. The analyst consensus mean target price stands at approximately $198.54, reinforcing bullish sentiment.

The stock remains in a post-earnings momentum phase after reporting Q2 revenue that nearly doubled year-over-year, with US commercial business surging 149% and total US commercial contract value exceeding $2 billion, up 153%. CEO Alex Karp described the results as extraordinary, stating that demand for AI sovereignty has been fully unleashed. The company also raised its full-year revenue guidance to $8.16 billion, well above market estimates.

(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.)