Palantir Surges 15% After Raising Revenue Forecast on AI Demand
PLTR sits 36% above its 52-week low of $106.37 on elevated volume (1.8× avg).
Summary
Palantir shares jumped 15% in European trading after the company raised its full-year revenue forecast, citing sustained demand for its AI-powered data analytics products. This follows last night's Q2 report, where revenue surged 93% to $1.94B and EPS of $0.41 beat the $0.35 consensus. The raised guidance signals management's confidence that the AI spending wave is durable, directly countering recent market fears about AI ROI. The move also helps the stock recover from a brutal June selloff that saw it hit a 52-week low of $106.38 amid European contract losses. With the stock now back above $144, the focus shifts to whether this guidance raise can sustain the rally through a volatile tech tape.
At the time of this announcement, PLTR was trading at $144.45 on NASDAQ in the Technology sector, with a market capitalization of approximately $301.2B. The 52-week trading range was $106.37 to $207.52. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.