Palantir Hasn’t ‘Reached Peak Growth’ so PLTR Stock Is Still a Buy, According to 1 Analyst

Core Insights - Palantir Technologies (PLTR) continues to show strong growth potential, with Piper Sandler raising its price target from $182 to $201 and maintaining an "Overweight" rating, indicating confidence in the stock's future performance [1][3] Financial Performance - Palantir has over $7 billion in defined contracts and an additional $4 billion in an Indefinite Delivery, Indefinite Quantity (IDIQ) pipeline, showcasing robust contract visibility [2] - The company has experienced triple-digit growth in commercial bookings this year, further supporting its bullish outlook [2] Market Position - Palantir's market capitalization is approximately $426.4 billion, making it one of the largest software and analytics companies globally [5] - The stock has delivered a year-to-date return of nearly 140% in 2025 and has increased by 323% over the trailing 52 weeks, driven by AI momentum and government contract wins [5] Stock Performance - The stock reached an all-time high of $190 on August 11, 2025, and is currently trading close to this peak, indicating strong market confidence despite potential volatility [6] - Palantir's stock is trading at a significant premium, with a forward earnings multiple of 395 times, which is higher than its peers and historical averages [7]