TLDR
- Palantir stock hit another record high of $141.41 on Monday, up 87% this year
- Stock has surged nearly 500% from its 52-week low in June last year
- Company benefits from AI wave and heightened geopolitical tensions in Middle East
- Shares trade at 203 times forward earnings compared to S&P 500 average of 22.3
- Only 25% of analysts have buy ratings with average target price at $107
Palantir Technologies stock closed at another record high on Monday. The defense-focused AI software company ended trading at $141.41, up 2.9% for the day.
The stock also reached an intraday peak of $144.86 during Monday’s session. This marks the fifth record close for Palantir this month alone.
The latest rally extends what has been an incredible run for the stock. Shares have gained 87% year-to-date through Monday’s close.
Palantir = Unstoppable$PLTR jumps to a new all-time high 📈📈 pic.twitter.com/6DiiWYiftn
— Barchart (@Barchart) June 16, 2025
Looking at a longer timeframe, the gains become even more dramatic. Palantir stock has surged nearly 500% from its 52-week low hit in June last year.
The company has notched 17 record closing highs just this year. For comparison, Palantir recorded 23 record closes for all of 2024.
Monday’s gains came as broader markets rebounded from Friday’s losses. Investors monitored developments in the conflict between Israel and Iran.
Palantir has benefited from two major trends driving its business higher. The company rides the artificial intelligence wave that continues to lift many tech stocks.
The firm also gains from heightened geopolitical tensions in the Middle East. A large portion of Palantir’s revenue comes from the U.S. Defense Department.
Analyst Sentiment Remains Mixed
Loop Capital analysts recently called Palantir a “runaway freight train never coming back.” The firm raised its price target to $155, well above the Wall Street consensus.
“We acknowledge that PLTR is not for the faint of heart,” Loop Capital stated. “We think the key to owning PLTR here is that you need to buy into the big picture.”
However, not all analysts share this bullish view. Only 25% of the 18 analysts covering the stock maintain buy or buy-equivalent ratings.
The average analyst price target sits at $107 according to FactSet data. This suggests many on Wall Street believe shares may have peaked at current levels.
Valuation Concerns Grow
The primary concern among skeptical analysts centers on Palantir’s valuation. Shares currently trade at 203 times forward earnings.
This compares to an average forward price-to-earnings ratio of 22.3 for S&P 500 companies. The gap highlights just how expensive Palantir stock has become relative to the broader market.
The federal government has expanded its use of Palantir’s software under the Trump administration. At least four agencies now deploy the company’s Foundry platform.
These agencies include the Department of Homeland Security and Health and Human Services Department. The expanded government adoption has helped fuel the stock’s recent surge.
Palantir stock opened Tuesday’s premarket session up 0.6% to $142.31. This would represent yet another new high if the gains hold through regular trading hours.
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