Palantir Technologies (PLTR) shares have traded near $196–$202 as of October 22, 2026, within a 52-week range of $106.37–$212.94, supported by accelerating revenue growth of 93% year-over-year to $1.94 billion in Q2 2026 and a raised full-year 2026 revenue guide of $8.15–$8.16 billion. U.S. commercial revenue expanded 149% in the latest quarter, driven by adoption of its Artificial Intelligence Platform and Foundry software, alongside expanded government partnerships including a recent Knox Systems collaboration for federal cloud deployments. High valuation multiples above 160x trailing earnings reflect market-implied expectations for sustained 70%+ growth and margin expansion, with Q3 results scheduled for November 2 serving as the next key catalyst for trader positioning.