Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 14 Best IT Stocks to Buy for the Long Term.
A close-up of a hand reaching out to touch a virtual animation, demonstrating the power of the company’s IoT technology.
On August 5, 2025, Cantor Fitzgerald raised its price target on Palantir Technologies Inc. from $110 to $155, maintaining a ‘Neutral’ stance, following the company’s record-breaking Q2 2025 results.
For the quarter, Palantir Technologies Inc.’s U.S. Commercial segment exceeded Street estimates by 15%, driving the management’s projected sustained 90% growth despite challenging comparisons ahead. Despite international commercial revenue slipping for a second straight quarter, the investment firm highlighted the company’s growing U.S. focus, which will now comprise nearly 80% of revenue by 2026, up from previous estimates of 75%.
Palantir Technologies Inc. achieved record contract value bookings and a “Rule of 94” (the company’s key metric combining revenue growth and profitability) in Q2. Looking ahead, the company reported guidance of a “Rule of 95” for Q3 2025, and a “Rule of 91” for the full year.
Palantir Technologies Inc. enables intelligence, counterterrorism, and data-driven decision-making with its advanced software platforms. It is one of the best IT stocks.
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