Palantir Stock Stuck Below Resistance as Fundamentals Shine

Palantir Technologies' (PLTR) tokenized stock on Binance is trading at $183.37, struggling to break through the critical $186.58 resistance level despite impressive fundamentals.

The company's Q2 2026 revenue grew by a staggering 93% year-over-year, with U.S. government revenue increasing 90% and adjusted operating margin reaching an incredible 62%. Palantir also raised its full-year 2026 guidance to $8.15-$8.158 billion.

The macro backdrop is challenging, however, with the Fed's potential September rate hike weighing heavily on high-multiple tech stocks like PLTR, which carries a trailing P/E of 159 and a P/S ratio of 77.6x.