On October 14, 2025, Palantir Technologies Inc. (PLTR) closed at $177.46, up 0.14% from the previous session. The stock has rebounded after a sharp -5.41% drop on October 10, 2025, and remains near all-time highs, reflecting continued investor enthusiasm. This performance follows a series of significant developments: Palantir reported record Q2 revenue above $1 billion (up 48% year-over-year), secured a landmark 10-year, nearly $10 billion enterprise agreement with the U.S. Army, and expanded its Maven Smart System contract with the Pentagon by $795 million. Bank of America recently raised its price target to $215, citing accelerating adoption of Palantir's AI platforms in both government and commercial sectors. The company's market value has soared past $400 billion, driven by its dominance in defense AI and enterprise data solutions. No new company-specific announcements were reported on October 14, but the stock's strength is underpinned by its recent contract wins, robust earnings, and ongoing AI momentum.
Palantir Stock Rises Amid AI Leadership and Major Government Contracts
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