Palantir (PLTR) shares closed higher on Friday after a senior Wedbush analyst, Dan Ives, said the data analytics firm will exceed $1 trillion in market cap within the next three years. Ives’ bullish remarks arrive only days after the Denver-headquartered firm reported a blowout Q2 and raised its full-year guidance,

There's no doubt that that's an impressive result and helps show why Palantir stock continues to soar. However, Palantir didn't have the best Rule of 40 score in the software sect

With such a strong performance, investors may be wondering if the momentum can continue, or if it is too late to buy the stock. Let's take a closer look at its Q2 results and prospects to find out. For the eighth straight quarter,