Can Palantir Reach $207 per Share to Claim a New All-Time High Before 2026 Is Over?

Palantir Technologies (NASDAQ: PLTR) surged after its second-quarter earnings, trading near $120 per share and then jumping to over $160 in the days that followed. The stock remains well below its all-time high of $207 set last year, raising the question of whether it can revisit that level before 2026 ends. The company positions itself as an AI partner, with Q2 revenue up 93% year over year to $1.9 billion. U.S. commercial revenue rose 149% and U.S. government revenue increased 90%. Net income margin in Q2 was 55%. The main hurdle is valuation, with shares trading near 100x 2026 earnings estimates and 68x 2027.