Palantir Stock Rose 60% in the Third Quarter. Here's What Its Other Big Quarters Did Next.

Palantir Technologies stock surged 60% in Q3 2026, marking its sixth quarter with 40%+ gains since going public in 2020. Historical analysis shows the stock continued rising in four of five previous big quarters, though the pattern is limited. The company's revenue growth accelerated to 93% year-over-year in Q2 2026, though Q3 guidance suggests a slowdown to 83%. Despite strong business fundamentals, the author notes the stock's 165x earnings valuation is too high to justify buying at current levels.