Palantir Technologies shares closed at another record high Friday, according to Bloomberg. Palantir shares closed at a record high Friday, with gains since its 2021 debut nearing 2,500%. The stock is up nearly 150% in 2025, driven by AI adoption, U.S. government contracts, and strong earnings. Bloomberg Intelligence estimates Palantir would have to generate $60 billion in the next 12 months to match peers’ valuations, compared to Wall Street’s $4 billion 2025 forecast. Analysts at DA Davidson say sustaining a 50% growth rate for five years would bring valuations in line with Microsoft and AMD. Piper Sandler raised its price target to $182, citing aggressive growth goals and strong free cash flow potential. Morningstar’s Giarelli warned that Palantir’s lofty valuation leaves it vulnerable to a sharp selloff if future performance disappoints.