Palantir Technologies continues to get rewarded for its second quarter beat and raise. Palantir stock hit an all-time high on Thursday in intraday trading.
On the stock market today, Palantir stock hit a record 183.29 in morning trading. Shares pulled back a little, gaining 2% to 183.09. With Thursday's advance, shares have surged about 143% in 2025.
Further, Palantir is the top performer on the S&P 500 in 2025, after leading the benchmark index last year.
But the lofty valuation of Palantir stock remains a key investor issue, Wall Street analysts say. Palantir holds the highest price-to-earnings ratio on the S&P 500.
In the June quarter, Palantir earnings were 16 cents on an adjusted basis, up 78% from a year earlier. Revenue climbed 48% to just over $1 billion, the maker of data analytics software said.
Palantir Stock Technical Ratings
Meanwhile, Palantir's data analytics software has been utilized by government customers for intelligence gathering, counterterrorism and military purposes. It's now targeting generative artificial intelligence applications in health care, energy and manufacturing. Palantir is among artificial intelligence stocks to watch.
Also, Palantir stock holds a Composite Rating of 99 out of a best-possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Palantir stock owns an Accumulation/Distribution Rating of B. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
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