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Palantir's stock hits new highs on strong AI growth and rising customer spending.

Analyst Insights
12 Oct 2026
Seeking Alpha
View Source
Bullish
Palantir's stock hits new highs on strong AI growth and rising customer spending.

Palantir Technologies' stock has surged to new all-time highs, driven by investor confidence in its AI growth potential. The company now trades at a high valuation of 129 times its projected 2026 earnings, despite stable long-term growth expectations. A key factor behind this rally is Palantir's net dollar retention rate climbing to 157%, indicating that existing customers are increasing their spending. Upcoming Q3 earnings could further boost the stock if this trend continues, potentially pushing the price target to $230, suggesting at least a 10% upside from current levels.

Palantir Technologies trades at USD 206.47 on Pluang as of Oct 12, 2026, 21:41 WIB, slightly down 1.23% for the day. The stock is near its 52-week high of USD 209.05, with a market cap of USD 502.36 billion. Investors hold Palantir for an average of 79 days on Pluang, showing moderate-term interest.

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