Palantir shares hit yearly high above $190

Palantir shares climbed above $190 on September 23, 2026, reaching their highest level in nearly a year. The stock gained more than 3.5% intraday. The U.S. Army awarded Palantir a $48.1 million contract to build an enterprise ammunition management system. The platform will replace nine legacy systems with one unified view. The view will cover planning, storage, and distribution across the full munitions lifecycle. Palantir CEO Alex Karp met with Polish President Karol Nawrocki and Lithuanian President Gitanas Nausėda in New York. The discussions covered expanded investment. The discussions also covered potential technology hubs supporting NATO's eastern flank. Lithuanian officials described Lithuania as a potential regional hub for defense and security technology. Chipotle confirmed a pilot of a food safety platform built on Palantir's Foundry software. The platform aggregates inspection scores and health data to flag risks at individual restaurant locations. Palantir announced partnerships with NVIDIA, Nebius, and Method Security. Palantir also expanded its deployment with Fujitsu across enterprise networks in Japan. DA Davidson and UBS raised their price targets on Palantir's stock. Both firms cited accelerating adoption of Palantir's Artificial Intelligence Platform. Both firms also cited stronger U.S. sovereign AI demand. It remains uncertain whether the momentum will push the stock toward $200.