Why Wall Street Still Underestimates Palantir

Palantir Technologies remains a 'Buy' as business growth and margins continue to outperform expectations, with a 23% stock gain since the last update. PLTR's Q2 2026 revenue grew 19% QoQ, with U.S. Commercial sales up 149% YoY and Government revenue up 79% YoY, dispelling concerns over deceleration. Unit economics are exceptional: $2.13B U.S. commercial TCV (+153% YoY), RPO at $4.9B (+103% YoY), and a Rule of 40 score of 155%. With a $276.4/share 12–18 month target, premium valuation is justified by structural growth, robust margins, and a resilient business moat.