Palantir Technologies Inc. shares rose above $190 on Sept. 23, 2026, extending a 69% three-month rally driven by demand for its Artificial Intelligence Platform, government contracts and commercial growth. The company reported second-quarter revenue of $1.94 billion, up 93% from a year earlier, while U.S. commercial remaining deal value reached $6.24 billion, a 124% increase. The U.S. Army awarded Palantir a $48.1 million contract to combine nine ammunition-management systems into a single platform. CEO Alex Karp also met with Polish President Karol Nawrocki and Lithuanian President Gitanas Nausėda on potential technology investments and regional technology centers. Palantir has expanded collaborations with NVIDIA, Nebius, Method Security and Fujitsu, while its technology supports the Federal Aviation Administration’s SMART system at three Washington-area airports. Analysts maintain a Moderate Buy consensus and a $201.74 average target, though the stock’s valuation and elevated interest rates remain risks for investors.