Palantir (PLTR) Stock Rockets on AI Hype & Major Contracts – Bubble or Boom?
Palantir shares traded near $180 on Oct. 15, 2025, up about 360% year-on-year after landing a $10 billion U.S. Army contract and a £750 million UK defense deal. Q2 revenue hit $1 billion for the first time, up 48% from a year earlier. A leaked Army memo on security flaws briefly sent shares down 7.5%, but the stock rebounded. Analyst targets range widely, with a median of $150–$160.