NEW YORK, July 4, 2026, 17:05 (EDT)
- U.S. equity markets were closed Friday for the Independence Day holiday. Nasdaq’s normal session runs 9:30 a.m. to 4:00 p.m. ET when markets are open.
- Palantir finished July 2 at $129.30. The finance feed’s latest quote is the same, and the company’s market value now stands around $332.4 billion.
- DA Davidson’s Gil Luria upgraded to Buy with a $175 target. The Wall Street average is $190.85, though these price targets suggest higher sales multiples than where Palantir trades now.
Palantir Technologies Inc. NASDAQ:PLTR heads into the July 4 break with U.S. trading closed, leaving the question for next week: what are investors willing to pay for a software firm trading at almost 43 times its 2026 revenue forecast?
Nasdaq says its markets are closed for the Independence Day holiday observed on July 3. Normal trading runs 9:30 a.m. to 4:00 p.m. ET, Monday to Friday. The next cash session starts Monday, July 6.
Palantir ended Tuesday at $129.30, with the final print coming at 4:00 p.m. ET. The finance feed’s last quote was unchanged at that closing level, valuing the company at $332.4 billion. Price-to-earnings stood at 145.3. Volume for the last session was 60.8 million shares.
Latest prices show the rebound wasn’t only about AI. Palantir climbed while Invesco QQQ Trust Series 1 NASDAQ:QQQ, SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and NVIDIA Corp. NASDAQ:NVDA all traded lower in the same finance feed.
| Security | Latest quote | Move vs prior close | Volume | Market value |
|---|---|---|---|---|
| Palantir Technologies Inc. NASDAQ:PLTR | $129.30 | up 2.74% | 60.8 mln | $332.4 bln |
| Invesco QQQ Trust Series 1 NASDAQ:QQQ | $712.60 | down 1.70% | 51.1 mln | $339.7 bln |
| SPDR S&P 500 ETF Trust (NYSEARCA:SPY) | $744.78 | off 0.11% | 57.5 mln | $659.5 bln |
| NVIDIA Corp. NASDAQ:NVDA | $194.83 | fell 1.47% | 142.4 mln | $4.75 trln |
Palantir’s latest numbers beat QQQ by 4.4 points and Nvidia by 4.2 points on the same quote. The gap points to a move that was all about Palantir last week—analyst calls, Karp’s talk on data control, and the Nvidia deal all played into the trade.
DA Davidson’s Gil Luria upgraded Palantir to Buy from Neutral and lifted his price target to $175 from $165. Luria said Palantir has “grown into its valuation” and called the recent pullback a “gift” for investors, Benzinga reported. Benzinga
Palantir CEO Alex Karp told CNBC, in comments picked up by TechRadar, that “something has gone completely wrong” with how AI is priced on a token basis. Karp said customers want certainty that they “own the means of production.” TechRadar
The company’s numbers back up the stock but there isn’t much slack for a weak quarter. For the first quarter, revenue jumped 85% to $1.633 billion. U.S. commercial revenue shot up 133% to $595 million. U.S. commercial remaining deal value climbed 112% at $4.92 billion. Adjusted free cash flow hit $925 million. Palantir raised its full-year 2026 revenue guidance to a range of $7.650 billion to $7.662 billion. CEO Karp said in the release: the company’s “Rule of 40 score has soared to 145%.” Securities and Exchange Commission
Palantir’s Q1 diluted share count was 2.570924 billion. Using that, today’s price, and the 2026 revenue midpoint, the stock is at roughly 43.4 times its guided sales. With the new targets, that figure only goes higher.
| Price case | Share price | Implied equity value | Implied 2026 sales multiple | Gap to latest quote |
|---|---|---|---|---|
| Latest quote | $129.30 | $332.4 bln | 43.4x | — |
| DA Davidson target | $175.00 | $449.9 bln | 58.8x | +35.3% |
| Wall Street average target | $190.85 | $490.7 bln | 64.1x | +47.6% |
| MarketBeat high target | $255.00 | $655.6 bln | 85.6x | +97.2% |
| MarketBeat low target | $90.00 | $231.4 bln | 30.2x | -30.4% |
MarketBeat tracks ratings from 35 Wall Street analysts covering Palantir. Out of those, three call it a Sell, 11 have a Hold, 19 are at Buy, and two are at Strong Buy. The average price target is $190.85, with a high of $255 and a low of $90.
This week, buyers have a clear decision. They have to figure out if Karp’s pitch on data control and the Nvidia tie-up are enough to pay over 43 times this year’s sales guidance ahead of the next earnings. Palantir is guiding for Q2 revenue between $1.797 billion and $1.801 billion, with adjusted operating income of $1.063 billion to $1.067 billion.
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