Trump Bought Palantir (PLTR) Stock in June. Is It a Buy Now?

TLDR

• Palantir stock has climbed 46% in August and 43% since its August 3 earnings report, with PLTR trading around $179.94.
• Q2 revenue jumped 92.8% year over year to $1.94 billion, beating the $1.81 billion estimate; EPS of $0.41 beat the $0.34 consensus.
• Trump’s investment accounts purchased PLTR on June 3, June 23, and June 24, per U.S. Office of Government Ethics disclosures.
• Wall Street holds a Moderate Buy consensus with an average price target of around $192-$197, implying roughly 10% upside.
• Risks include a P/E ratio above 153, over $30 million in insider selling over three months, and renewed bearish positioning from Michael Burry.

Palantir Technologies (PLTR) has been one of the standout stories of August, with the stock up roughly 46% for the month. It opened at $179.94 on Friday, putting its market cap at $432.41 billion.

Palantir Technologies Inc., PLTR

The move accelerated after the company dropped its Q2 earnings report on August 3. Revenue hit $1.94 billion, up 92.8% year over year, easily clearing the $1.81 billion consensus estimate.

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