--- title: "Trump's Accounts Bought Palantir Stock in June. Is PLTR Still a Buy After a 46% Rally?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296707656.md" description: "Palantir (PLTR) stock surged 46% in August, driven by strong Q2 results with 93% revenue growth and high valuation concerns. Trump's accounts traded PLTR shares in June. Despite a premium P/E multiple, analysts maintain Buy ratings, citing AI strategy strength. The consensus rating is Moderate Buy, with an average price target of $197.89, implying ~10% upside." datetime: "2026-08-23T17:23:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296707656.md) - [en](https://longbridge.com/en/news/296707656.md) - [zh-HK](https://longbridge.com/zh-HK/news/296707656.md) generator: "portal-rs" --- # Trump's Accounts Bought Palantir Stock in June. Is PLTR Still a Buy After a 46% Rally? Palantir Technologies (PLTR) stock has jumped about 46% in August and 43% since its August 3 earnings report. Still, Wall Street sees about 10% upside from current levels. Trump's investment accounts also bought Palantir shares in June, adding another point of interest as the stock continues to rally. However, the stock's high valuation could limit further gains if growth slows. ### Summer Sale - Claim 70% Off TipRanks Discover why XOVR identified Kalshi as an attractive private investment opportunity. Currently, PLTR stock trades at a forward P/E multiple of 112.2x, compared with a 23.19x sector median. That premium valuation makes the stock a riskier buy after its sharp rally, even as Wall Street still sees further upside. ## **Trump's Accounts Traded Palantir Several Times in June** Trump's investment accounts traded Palantir several times in June, according to a financial disclosure from the U.S. Office of Government Ethics. The accounts bought shares on June 3, June 23, and June 24, alongside mid-month sales. The June 3 purchase was worth between $1,001 and $15,000. The June 23 and June 24 purchases came after the June 14 U.S.-Iran peace agreement. ## **Palantir Reported Strong Q2 Results** Palantir stock has climbed about 43% since the company reported its second-quarter results on August 3. The company's revenue jumped 93% year over year, while U.S. commercial revenue rose 149% to $764 million. Earnings per share came in at $0.41, which beat the consensus estimate of $0.35 per share. Operating cash flow also reached $1.22 billion. The results showed continued strong demand for Palantir's products across commercial and government customers. ## **Analysts See More Upside in PLTR Stock** Following Palantir's Q2 results, Phillip Securities analyst Alif Fahmi raised his price target to $215 from $202 and maintained a Buy rating. Fahmi said, "We maintain a BUY recommendation with a higher DCF-based target price of US$215." The 5-star analyst also raised his FY26 revenue forecasts after Palantir's stronger-than-expected Q2 results. Fahmi pointed to the company's Ontology and AIP tools, which he said are helping drive automation and enterprise AI adoption. Bank of America analyst Mariana Perez Mora reiterated a Buy rating on Palantir stock with a Street-high price target of $255. The 5-star analyst said that PLTR's solid Q2 performance reflects the company's successful AI strategy, which aims to offer the right infrastructure to maximize its customers' results. Citing strength in PLTR's U.S. commercial business, Mora raised her 2026 and out-year estimates. ## **Is PLTR Stock a Buy, Sell, or Hold?** Overall, Palantir Technologies stock earns a Moderate Buy consensus rating based on 16 Buys, four Holds, and two Sells. 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