New York, July 6, 2026, 10:01 (EDT)
- Palantir rose 1.7% to $131.47 early Monday, putting its market cap near $337.5 billion.
- The early move tacked on around $5.6 billion in market value, topping the midpoint of the company’s 2026 adjusted free-cash-flow target.
- D.A. Davidson has a $175 target on the stock, while the Wall Street average is close to $190, so both point to double-digit gains from here. But shares are already trading at about 44 times Palantir’s projected 2026 revenue.
Palantir Technologies Inc. NASDAQ:PLTR was up 1.7% at $131.47 early Monday, a small percentage move but adding $5.6 billion in market cap. That’s more than Palantir’s midpoint estimate for its adjusted free cash flow for the year.
Nasdaq didn’t open Friday, July 3, due to the Independence Day holiday. So Monday was the first full trading day in the U.S. since Palantir bounced July 2. Palantir started at $126.85 and went up to $131.49, with 5.3 million shares changing hands by 9:45 a.m. ET.
Palantir’s valuation is running ahead of its own targets. As of Monday, the shares traded at about 44 times the midpoint of Palantir’s 2026 revenue guidance, and at 76 times adjusted operating income and 78 times adjusted free cash flow. Back in May, the company guided to 2026 revenue of $7.650 billion to $7.662 billion, adjusted operating income of $4.440 billion to $4.452 billion, and adjusted free cash flow between $4.2 billion and $4.4 billion.
| Palantir forecast | Company guide | Market-cap multiple at $337.5 bln |
|---|---|---|
| 2026 revenue | $7.650 bln to $7.662 bln | 44.1 times midpoint |
| 2026 adjusted operating income | $4.440 bln to $4.452 bln | 75.9 times midpoint |
| 2026 adjusted free cash flow | $4.2 bln to $4.4 bln | 78.5 times midpoint |
| 2026 U.S. commercial revenue | Over $3.224 bln | Below 104.7 times floor |
Palantir’s Q1 numbers gave supporters a reason to back the stock’s high valuation. Revenue jumped 85% to $1.633 billion. U.S. revenue was up 104%, and U.S. commercial revenue climbed 133%. CEO Alex Karp said, “Palantir’s Rule of 40 score has soared to 145%.”
D.A. Davidson’s Gil Luria boosted Palantir to buy from neutral and hiked his target to $175, up from $165. Luria said the company had “grown into its valuation” and saw Palantir with “competitive advantages over all other software companies” as more clients seek an AI orchestration layer. Barron’s
| Price forecast | Level | Implied move from $131.47 |
|---|---|---|
| D.A. Davidson sees $175.00 | $175.00 | +33.1% |
| WSJ analysts average $190.30 | $190.30 | +44.7% |
| Median WSJ target sits at $200.00 | $200.00 | +52.1% |
| Lowest WSJ call is $70.00 | $70.00 | -46.8% |
| Highest WSJ estimate is $255.00 | $255.00 | +94.0% |
Wall Street remains divided. According to WSJ, there are 18 buys, three overweight calls, 11 holds, and two sells on the stock. Price targets run from $70 to $255.
Nvidia Corp. NASDAQ:NVDA adds a government-AI angle to the rally. The company said Palantir’s latest engine taps Nvidia Nemotron open models for U.S. government agencies and critical infrastructure, and it can be deployed in air-gapped environments.
Karp went on CNBC last week and criticized the token-based AI pricing models at OpenAI and Anthropic, saying, “something has gone completely wrong.” That played into the argument that Palantir could be the way for enterprise customers to keep tighter control over their data, models, and workflows. Business Insider
Investors are taking it at face value now. Palantir’s forecast isn’t only about growth—now it acts as a floor for the stock, where every $1 shift in the share price moves equity value by about $2.57 billion.
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