Palantir Crushes Earnings in Q2. Is the Stock Heading Back to $200?

Palantir Technologies delivered strong Q2 earnings with $1.9 billion in revenue (93% YoY growth) and adjusted EPS of 41 cents, both exceeding analyst expectations. The company raised full-year guidance to $8.15-8.158 billion. While the stock has rallied and could potentially reach $200 (24% upside), it trades at over 80x forward earnings, making it expensive despite impressive growth metrics.