Palantir shares closed at $198.78 on October 8 after a 2.4% gain driven by Goldman Sachs’ upgrade to Buy and $230 price target, citing accelerating sovereign AI demand and commercial verticalization. The stock has rallied sharply from June lows near $106 amid 93% year-over-year revenue growth in Q2, including 149% U.S. commercial expansion, repeated 2026 guidance increases, and robust operating margins above 40%. With the next earnings release scheduled for November 2, traders are focused on whether momentum can sustain levels above key thresholds into month-end amid elevated valuation multiples near 170 times trailing earnings and broader tech sector sensitivity to interest rates and AI spending trends.