Track market-moving stories before they get noisy

Palantir's 93% revenue growth and 62% adjusted operating margin demonstrate exceptional software economics. U.S. commercial revenue surged 149%, while expanding customer relationships suggest AI adoption is far from slowing down. Palantir's $4.9 billion contracted backlog provides valuable insight into its future revenue growth.

Palantir (PLTR +0.28%) investors have had a fairly rocky 2026. For most of the year, the stock was losing money. However, starting in August, Palantir reversed the decline and has now gained about 12% for the year. That is roughly in line with the gain for the S&P 500 (^GSPC -0.52%).

However, if you survey the average Palantir investor, almost all of them will say that beating the market is their long-term priority for holding Palantir shares. So, 2026 has been a disappointing year so far. But as long-term investors, there is still plenty of time to deliver strong returns.

So, if you invested $10,000 into Palantir now, what could that be worth by 2030? And will it be good enough to beat the market? Let's take a look.

Image source: The Motley Fool.

Palantir's AI business is booming Palantir originally started off offering its AI platform to government entities. This was an incredibly popular offering, and Palantir's government contracts still make up the majority of its revenue stream today. However, Palantir also expanded to the commercial side of the business, and it's seeing huge adoption of its AI platform.

Essentially, Palantir is an AI platform that plugs into existing data streams and helps derive actionable insights. Through automation, Palantir can also assist in deploying AI agents that do tasks on behalf of its users. Palantir's platform dramatically improves the efficiency of one person in their role and can provide decision-making capabilities that far exceed what a human can deliver.

PLTR Palantir Technologies$196.75+$0.56 (+0.28%)

NASDAQ · As of 4:00 PM ET 10/23/26

Companies and governments are adopting Palantir's software at a breathtaking pace, which is evidenced by its 93% revenue growth rate in Q2. U.S. commercial revenue grew even faster, with revenue from this segment increasing at a 149% pace. AI adoption is happening rapidly, and Palantir is one of the companies that's taking market share.

One of the biggest surprises with Palantir is how great its margins are. New headlines are filled with stories about how quickly some AI firms are growing, but also highlight that they're spending far more than they make. Palantir isn't in that boat, as it delivered an impressive 55% profit margin in Q2.

It doesn't get better than that, but this also opens up a new problem.

Palantir's stock is pricey Palantir's stock is one of the more expensive on the market, and it trades for almost 125 times this year's earnings.

PLTR PE Ratio (Forward) data by YCharts

That's a very pricey stock, and with its profit margin being incredibly high, it can't increase that figure too much to get itself out of this high valuation pickle. Instead, the only path is to grow out of it. Most big tech stocks trade for about 30 times forward earnings, regardless of how fast the business is growing. Take Nvidia (NVDA -0.59%), for example. Its revenue rose 106% in Q2 (faster than Palantir), yet shares trade for 23 times this year's estimated earnings.

So, for Palantir to get to a reasonable 30 times forward earnings valuation, it must quadruple its revenue, which results in its earnings quadrupling as well. That could take a long time, especially considering what Wall Street thinks Palantir's growth rate will be next year. The average Wall Street analyst estimate is that Palantir's revenue will rise 50% during 2027. Palantir has a history of outperforming expectations, so this may be an undershoot. However, if we utilize a 50% growth rate from 2027 to 2030, then it becomes a rather aggressive projection.

Should Palantir's revenue increase at a 50% compounded annual growth rate (CAGR) from 2027 to 2030, that would result in its revenue rising fivefold. That's more than the quadrupling we established above that was required to get Palantir to a reasonable valuation. So, the remaining double could turn a $10,000 investment into about $20,000. That is still market beating-growth, but there are other AI stocks that appear to be in-line for better performance due to a much lower starting valuation.

All of this is because of how expensive Palantir's stock is now. I think this could damp future returns, and it's something that Palantir will have to grow out of.

Palantir Technologies (PLTR +0.04%) has been one of the biggest winners of the artificial intelligence (AI) boom, with its stock gaining more than 1,000% over the last three years. But investors who think the company's best days are behind it may be in for a surprise when Palantir reports its third-quarter results on Nov. 2.

That's because Palantir has developed a habit of beating its own revenue guidance -- and its margins are widening.

The company's guidance was for third-quarter revenue between $2.160 billion and $2.164 billion, which would amount to another impressive quarter of growth. But based on Palantir's performances in the first half of the year, I think that forecast is far too conservative.

In fact, I wouldn't be surprised if Palantir delivers more than $2.3 billion in revenue, easily surpassing its own expectations.

Here's why.

Image source: The Motley Fool.

Palantir keeps raising the bar Palantir has been on an incredible run this year, fueled by demand for its Artificial Intelligence Platform (AIP), which helps businesses and government agencies analyze enormous amounts of information and use AI to make decisions.

But what's particularly interesting is how Palantir consistently underestimates its own growth. When the company issued its first-quarter guidance in February, it projected revenue between $1.532 billion and $1.536 billion. Instead, it delivered $1.633 billion -- about 6.4% above the midpoint of that range.

The second quarter's beat was even better. Management projected revenue between $1.797 billion and $1.801 billion, but Palantir generated $1.935 billion -- approximately 7.5% more than projected.

The company's growth is accelerating, too. Revenue increased 16% sequentially in the first quarter, followed by a 19% increase in the second quarter. Year-over-year revenue growth reached 93% in Q2, up from 85% in Q1.

Now look at the company's third-quarter guidance.

PLTR Palantir Technologies$196.26+$0.07 (+0.04%)

NASDAQ · As of 2:00 PM ET 10/23/26

Palantir's forecast of approximately $2.16 billion represents sequential growth of just under 12%. That would be a significant slowdown in growth from the previous quarter.

That doesn't make much sense to me, particularly when Palantir's commercial business has been expanding so rapidly. If the company simply matches its second-quarter sequential growth rate of 19%, third-quarter revenue would reach approximately $2.3 billion. And I think there's a reasonable chance Palantir will do even better.

Commercial demand is driving the growth The biggest reason for my optimism is Palantir's U.S. commercial business, which has been growing at an extraordinary pace. Second-quarter U.S. commercial revenue increased 149% year over year to $764 million, while sequential growth reached 28%.

But revenue only tells part of the story. During the second quarter, Palantir closed 220 deals valued at $1 million or more, including 73 deals worth at least $10 million. Total contract value reached $3.37 billion, while U.S. commercial remaining deal value increased 124% year over year to $6.24 billion.

Those numbers suggest Palantir has plenty of business in the pipeline, although contract values don't necessarily translate into immediate revenue.

It has been expanding its emphasis on AI sovereignty -- giving businesses and governments greater control over their AI systems, sensitive information, and operational decisions.

Palantir recently conducted two sovereignty boot camps that attracted nearly 200 organizations, introducing potential customers to its technology and demonstrating how they can use AI without surrendering control of their data.

I've previously argued that these boot camps could generate another wave of commercial business. While it's too early to know how much revenue they'll lead to, they give Palantir another way to reach customers seeking practical AI applications.

Meanwhile, the company's government business remains a powerful source of growth. Its U.S. government revenue increased 90% year over year in the second quarter to $809 million, reflecting demand for its defense and intelligence applications.

Why I'm expecting another earnings beat While there are no guarantees in investing, it's hard to argue against Palantir's performance. It exceeded its revenue guidance by increasingly large margins in each of the last two quarters, while its commercial business continues to expand at triple-digit percentage rates.

For me, the most important question the Nov. 2 report will answer won't be whether Palantir beat its $2.16 billion forecast. I expect that to happen. I'll be watching to see whether its revenue crossed $2.3 billion, and whether its growth has kept accelerating.

I remain bullish on Palantir for the long term. And I suspect its next earnings report will give investors another reason to be excited.

Palantir sits within striking distance of a bold year-end target, but a single earnings report on November 2 could either validate the bull case or send shares tumbling toward a very different destination.

Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) closed at $196.19 on October 22, 2026. That is just below the $202.50 year-end target 24/7 Wall St. set in its earlier Palantir price prediction. In Friday premarket trading at $195.31, shares were up 9.9% year to date, up 11.3% over one year, and down 2.6% over the past week. Over the past 52 weeks, the stock has traded between $106.37 and $212.94.

Metric
Value

Current Price (Oct. 22 close)
$196.19

Price Target from 24/7 Wall St.
$211.98

Upside
8.1%

Model Rating
Buy

Model Confidence
0.9 (high)

Scoring the Original Thesis Against Fresh Data
The earlier call rested on three pillars:

Government contracts
Commercial AI adoption
Valuation

Government contracts have held up: second-quarter U.S. government revenue reached $809 million, up 90% year over year. Commercial AI adoption has outperformed. U.S. commercial revenue rose 149% to $764 million, net dollar retention climbed to 157%, and U.S. commercial customers grew 35% to 653.

Valuation is where the thesis took damage. The stock fell from $177.07 in mid-January to $133.02 by mid-February and stayed near that level until the August 3 report. Even after that drawdown, Palantir trades at 174 times trailing earnings and 85 times forward earnings.

How the Model Gets to $211.98
The 24/7 Wall St. price target combines three inputs: a trailing P/E value of $196.19, a forward P/E value of $172.19, and the analyst target. The forward input carries 0.5 of the weight, and the blend comes to $187.26. A proprietary factor of 1.132 then raises that figure. It credits technology-sector momentum and 215.4% earnings growth, and it is muted by a beta of 1.602, cautious retail sentiment, and a mega-cap adjustment.

The one-year bull case reaches $226.34, and the downside scenario falls to $177.11. Wall Street leans bullish, with a consensus target of $206.62.

November 2 Decides Whether the Target Holds
Palantir reports third-quarter results on Monday, November 2, after the close. Management guided to $2.160 billion to $2.164 billion in revenue and full-year sales of $8.150 billion to $8.158 billion. That full-year range implies U.S. commercial revenue above $3.424 billion. CEO Alex Karp has set a high bar: “I am driving the business to grow at a rate equal to or above what we have in U.S. commercial for the next 18 months.”

Management noted a Q3 cost ramp tied to new hires. Stock-based compensation reached $265 million last quarter, and international commercial revenue grew only 26%. Bulls point out that the extra spending funds Palantir’s Artificial Intelligence Platform (AIP) and sovereign AI capacity, while free cash flow still rose 130%. At this multiple, however, a guidance raise smaller than investors expect could drive shares toward the downside scenario.

Palantir Outgrows Snowflake but Costs More
Snowflake (NYSE:SNOW) is a useful comparison because it competes for the same enterprise data and AI budgets. Its latest quarterly revenue grew 35.1%, but it remains GAAP unprofitable.

Company
Latest Quarter Revenue Growth
Price/Free Cash Flow

Palantir
92.8%
214.88

Snowflake
35.1%
98.82

Palantir trades at roughly twice Snowflake’s cash-flow multiple, but it grows much faster and earns a GAAP profit. Next to Snowflake, the 24/7 Wall St. price target looks reasonable.

Verdict: $202.50 Remains in Reach
The prior $202.50 year-end target looks reachable. The model’s own base-case path shows $202.38 by late November. On Polymarket, traders put the odds that the stock touches $204 in October at 0.53. On November 2, the number to watch is the U.S. commercial guide. A raise well above $3.424 billion would support the target. A flat guide would put it at risk.

Palantir Price Prediction 2026–2030

Year
 24/7 Wall St. Price Target

2026
$200.93

2027
$211.98

2028
$222.11

2029
$236.32

2030
$251.45

These figures follow the model’s base-case annualized return of 6.4%. A sustained slowdown in commercial growth or compression of the multiple could pull the path sharply lower.

Contact [email protected] for any questions or corrections.

COLUMBUS, Ohio & MIAMI--(BUSINESS WIRE)--Palantir Technologies Inc. (NASDAQ: PLTR) and Aplos Data, LLC, today announced that Palantir has named Aplos Data, the Palantir-native deployment company, to Vanguard: Elite, the highest tier of the Vanguard, Palantir's trusted partner network. Already an implementation partner for existing customers, Aplos Data will now also work with Palantir across the United States to bring Foundry and AIP, Palantir's data and AI platforms, to new customers. Vanguard.

Palantir (PLTR -2.84%) has a major event coming in a few weeks: third-quarter earnings. Investors are always looking forward to these reports from Palantir because it's one of the few companies that reports on a Monday, so all eyes will be on it. Additionally, Palantir has a tremendous track record of beating expectations, and investors will be expecting another beat this quarter.

However, if it doesn't announce a beat, I would expect the stock to tumble, as that is what's currently priced in. Palantir has had an incredible run, but I think it must project continued revenue growth acceleration to maintain its run.

Image source: The Motley Fool.

Palantir's growth has been impressive
Palantir's AI-powered data analytics software has become more popular over the past two decades. It started as a government-focused company, providing software to various government entities. This eventually expanded into the commercial sector, where it's seeing the fastest growth today. Still, government revenue accounts for more than half of Palantir's total revenue.

Palantir's strength lies in its ability to work within existing systems and deliver actionable insights quickly. This can work in a fully automated environment or with human intervention as the final approval before an action is performed. Palantir has become a popular way for businesses across industries to integrate AI into their existing systems, and this shows up in its financials.

PLTR Palantir Technologies$196.00-$5.72 (-2.84%)

NASDAQ · As of 3:51 PM ET 10/22/26

During the second quarter, its U.S. commercial revenue grew at a breathtaking 149% pace, while U.S. government revenue increased 90%. Overall, Palantir's revenue rose 93% year over year to $1.94 billion. That overall figure is important to note because Palantir only guided for about $1.8 billion in Q2 revenue. That's a significant beat, but Palantir has been underguiding and overdelivering for some time.

For Q3, management expects revenue of $2.16 billion. That projects an 83% revenue growth rate, which would be a deceleration from Q2's level. However, if Palantir beats revenue expectations by a similar amount to Q2 (about $150 million), that would boost Palantir's growth rate to 96%, allowing it to continue reporting accelerating revenue growth.

It's important that Palantir does this because its valuation suggests that it needs to continue doubling each year.

Palantir is very expensive
There is a ton of future growth priced into Palantir stock, and if the company starts reporting slowing growth, then the stock could sell off as a result. Palantir currently trades at 120 times forward earnings.

PLTR PE Ratio (Forward) data by YCharts

Most big tech stocks average about a 30x trailing earnings valuation, so for Palantir to reach that level, it would need to quadruple its earnings. Most rapidly growing tech companies don't have their profitability optimized, so earnings can grow through a combination of revenue growth and margin expansion. However, in Q2, Palantir's profit margin reached 55%. That's about as good as it gets, so for Palantir to expand its earnings total, it must grow its revenue base.

If Palantir's earnings and revenue grow at a 1-to-1 ratio, then Palantir's earnings must quadruple after accounting for 2026's results. That's huge growth, and if Palantir starts to report slowing revenue growth, that figure will be hard to achieve. So, all eyes will be on Palantir on Nov. 2, because if its revenue growth starts to slip, the stock may have a rough day on Nov. 3. However, if it reports accelerating revenue growth, I wouldn't be surprised to see Palantir's run continue, although a significant rise may be off the table due to how much growth is already priced into the stock.

SummaryPalantir Technologies Inc. delivered strong Q2 results, showcasing robust operating leverage and disciplined cost management, but valuation now limits upside.Q2 revenue surged 93% year-over-year, while operating expenses grew only 34.2%, driving GAAP operating margin to 47.1% and adjusted margin to 61.7%.I maintain a Hold rating on PLTR, as the stock price has outpaced earnings growth and leaves little margin for disappointment at 120x FY2026 EPS.Key PLTR risks include intensifying AI competition, potential margin compression, and the need for continued control of stock-based compensation and dilution. Shinsei Motions/iStock via Getty Images

Elevator Thesis I downgraded my rating for Palantir Technologies Inc. (PLTR) from a Strong Buy to a Hold in my June article.

I was impressed by how the company was turning AI adoption into

952 Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Palantir to support Stagwell on AI-powered marketing solutions, with Stagwell serving as a premier marketing transformation partner for Palantir

NEW YORK, NY AND MIAMI, FL / ACCESS Newswire / October 22, 2026 / Stagwell (NASDAQ:STGW), the global challenger network transforming marketing through AI, and Palantir Technologies Inc. (NASDAQ:PLTR), a leading provider of AI-powered software, today announced an expansion of their strategic partnership to accelerate the development of AI-powered marketing solutions for enterprise clients.

Building on their November 2025 agreement, the companies will combine Palantir's advanced AI software with Stagwell's marketing expertise and agentic technology to help enterprises modernize marketing operations, unlock the value of their data and drive business growth.

As part of the expansion, Stagwell will serve as a premier marketing transformation partner for Palantir while developing new AI-powered solutions enterprise customers leveraging Palantir's platforms.

"Stagwell and Palantir are bringing together two powerful sets of capabilities to fundamentally transform enterprise marketing," said Mark Penn, Chairman and CEO of Stagwell. "By combining Palantir's extraordinary technology with our understanding of how brands connect with consumers and drive growth, we can accelerate AI adoption at scale. Just as importantly, we're giving clients the power of AI while allowing them to retain ownership of their data and build on their existing technology investments rather than being locked into a walled garden."

"With this partnership, Stagwell is turning its advanced marketing capabilities into compounding advantage for their customers," said Alex Karp, CEO and Co-Founder of Palantir. "The ownership and deployment of sovereign models, designed individually for each customer, will transform the way they go to market."

Palantir's technology will be leveraged within the family of Stagwell's Machine products, including Machine OS, The Knowledge Machine (turns consumer sentiment signals into action), the audience machine (builds audience profiles and creates addressable segments) and The Media Machine (a full-lifecycle agentic media operating system designed to plan, optimize, and measure across platforms). Through Palantir's ontologies and agent framework, the partnership will help power connected workflows, intelligence and activation across the Machines portfolio.

Central to the collaboration is a shared commitment to AI sovereignty, ensuring enterprises maintain control over their proprietary data and technology infrastructure. Rather than requiring clients to move their information into closed ecosystems, the companies' approach prioritizes interoperability, flexibility, and the ability to deploy advanced AI capabilities within existing enterprise systems.

About Stagwell

Stagwell is the global challenger network transforming marketing through AI. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 40+ countries are unified under a single purpose: to drive effectiveness and improve business results for our clients. Join us at www.stagwellglobal.com.

About Palantir Technologies Inc.

Software that dominates. Additional information is available at https://www.palantir.com.

Forward-Looking Statements
This press release and the conference/presentations to which it relates contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding our product development, distribution, contracts, and pricing, expected benefits of and applications for our software platforms, business strategy and plans (including strategy and plans relating to our Artificial Intelligence Platform ("AIP"), sales and marketing efforts, partnerships, and customers), investments in our business, market trends and market size, expectations regarding any current or potential customers, partnerships, or other business relationships or initiatives, opportunities (including growth opportunities), and positioning, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and are or were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer(s), the failure of our platforms to satisfy our customer or perform as desired, the frequency or severity of any software and implementation errors, our platforms' reliability, and the timing of the development and release of, and updates to, our products. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Media Contacts

Stagwell: [email protected]

Palantir: [email protected]

SOURCE: Stagwell

Citi raised its Palantir (NASDAQ: PLTR) stock price target from $245 to $250 and kept a “Buy” rating on the software company on Thursday, October 22.

The upgrade came as part of an earnings preview, and the bank now expects Palantir to post “strong upside” to estimates on U.S. government and commercial business ventures. 

Representing roughly 24% upside from the last closing price of $201, the price target is among the most bullish Wall Street projections Palantir received over the past few months, the highest of which was Barclays’ $265.

PLTR stock price one-month chart. Source: Finbold
Citi confirms Jim Cramer’s Palantir stock prediction
Interestingly, the figure comes in about a week and a half after CNBC host Jim Cramer said he saw Palantir at $250 too, reaffirming his long-standing bullishness on the firm. 

“Some odd strength in WFC (owned by club) AMZN (owned by club ABBV, HD (owned by club) Berkshire, Disney and, of course, Palantir which you know I have said goes to $250-long-standing target… ,” Cramer said

Some odd strength in WFC (owned by club) AMZN (owned by club ABBV, HD (owned by club) Berkshire, Disney and, of course, Palantir which you know I have said goes to $250-long-standing target… t

— Jim Cramer (@jimcramer) October 12, 2026

While Cramer’s forecast seemed misguided, being followed by an 11% drop in PLTR share prices in just four days after his October 12 prediction, Citi’s new call suggests his prediction might have more to commend it.

Indeed, Palantir stock has recovered approximately 3.5% over the past five days, and it is now up 9% this month. Of course, the road to $250 remains long, but bullish endorsements such as the latest one by Citi are inspiring confidence ahead of the November 2 earnings report.

Wall Street moderately bullish on Palantir
More broadly, Wall Street appears moderately bullish on Palantir, with the average PLTR share price target of $212 for the next 12 months implying a 5.26% upside from the current levels, per TipRanks figures.

PLTR stock 12-month forecast. Source: TipRanks
Most analyst calls in October have been “Buys,” with only Phillip Securities giving the stock a “Hold” rating. Accordingly, the software giant enjoys a Wall Street consensus of “Moderate Buy.”

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

Copy top-performing traders in real time, automatically.

eToro USA is registered with FINRA for securities trading.

30+ million
Users worldwide

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Join Finbold's newsroom, become a Sales Executive today!

Apply now to join Finbold as a crypto/finance news writer!

MIAMI--(BUSINESS WIRE)--Palantir Technologies Inc. (NASDAQ: PLTR) today announced the delivery of critical sovereign AI outcomes to flagship customers. Since Palantir and NVIDIA's previous announcement last month — highlighting how Foundry, Ontology, and AIP are accelerating NVIDIA's own supply chain and the path from wafer to first token — a new wave of flagship customers have accelerated their own sovereignty efforts, including L3Harris, McCarthy Building Companies Inc., NVIDIA, Ondas and Regn.

Cohen Investment Advisors LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,541 shares of the company’s stock, valued at approximately $2,346,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ballast Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at $29,000. Retirement Wealth Solutions LLC increased its stake in Palantir Technologies by 51.7% during the third quarter. Retirement Wealth Solutions LLC now owns 217 shares of the company’s stock worth $41,000 after acquiring an additional 74 shares during the last quarter. Dakota Community Bank & Trust NA increased its stake in Palantir Technologies by 219.1% during the third quarter. Dakota Community Bank & Trust NA now owns 217 shares of the company’s stock worth $41,000 after acquiring an additional 149 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Palantir Technologies during the first quarter worth about $32,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Palantir Technologies in the 2nd quarter worth about $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 0.8% Shares of Palantir Technologies stock opened at $192.60 on Wednesday. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $212.94. The stock has a market cap of $462.83 billion, a price-to-earnings ratio of 164.62, a price-to-earnings-growth ratio of 3.42 and a beta of 1.60. The company has a fifty day moving average price of $183.35 and a 200 day moving average price of $152.76.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The firm’s revenue was up 92.8% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. Analysts forecast that Palantir Technologies Inc. will post 1.31 earnings per share for the current year. Insider Buying and Selling In related news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the transaction, the insider directly owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Eric H. Woersching sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. Following the transaction, the director directly owned 3,465 shares in the company, valued at $710,325. This trade represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is owned by insiders.

Palantir Technologies News Summary Here are the key news stories impacting Palantir Technologies this week:

Positive Sentiment: Knox Systems partnership supports federal growth. Palantir is working with Knox to accelerate software deployments for customers operating in secure FedRAMP and IL5 cloud environments. The agreement could improve access to government agencies and reinforce Palantir’s position in defense technology, although financial terms were not disclosed. Knox and Palantir partnership Positive Sentiment: Analysts raised price targets. Mizuho lifted its target to $245 and Baird raised its target to $250, citing Palantir’s rapid revenue growth and expanding commercial and government opportunities. Broader optimism that the AI spending cycle has substantial room to run also provides a favorable backdrop for Palantir’s software and “sovereign AI” offerings. Palantir stock and analyst targets Neutral Sentiment: November earnings are the next major test. Palantir recently reported approximately 93% year-over-year quarterly revenue growth, but investors will need continued strong execution and margin performance to justify the stock’s premium multiple. Commentary on TITAN deployments and AI in production points to potential recurring, high-margin government revenue. Palantir TITAN system delivery Negative Sentiment: Valuation and selling pressure remain key risks. Analysts warn that Palantir’s valuation already assumes years of exceptional execution, while ETF outflows, increased insider selling and ARK Invest’s reported sale of roughly $3.6 million in PLTR shares may weigh on sentiment. With shares near their 52-week high, investors appear particularly sensitive to any growth or margin disappointment. Palantir valuation risk Analysts Set New Price Targets Several research firms have recently weighed in on PLTR. Robert W. Baird set a $250.00 price objective on Palantir Technologies in a research note on Monday, October 12th. Barclays initiated coverage on Palantir Technologies in a report on Friday, October 9th. They set an “overweight” rating and a $265.00 target price for the company. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research report on Tuesday, August 4th. They set an “overweight” rating for the company. Phillip Securities lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, William Blair restated an “outperform” rating on shares of Palantir Technologies in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.28.

Read Our Latest Stock Report on Palantir Technologies

(Free Report)

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.

Further Reading Five stocks we like better than Palantir Technologies Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

The Pirate Wires founder has put 58.1% of his flagship portfolio into Palantir, SpaceX, Amazon and Tesla.

Summary

Palantir is the largest holding at 16.3%.

Palantir Technologies Inc. (PLTR, Financials), the data analytics and defense software company, is the largest position in a concentrated portfolio disclosed by Pirate Wires founder Mike Solana.

Palantir represents 16.3% of the portfolio. SpaceX 14.1%, Amazon 14% and Tesla 13.7%. Those four investments make up 58.1% of the portfolio in the aggregate.

That emphasis makes the method simple to grasp. Solana is making big bets on firms working in artificial intelligence, defense technologies, space, cloud computing and automation.

The second main subject is energy. Exxon Mobil is 7.5 percent, Cheniere Energy 7 percent, Constellation Energy 6.6 percent and Standard Nuclear 6.3 percent.

The portfolio also include AMD, TSMC, Nvidia, Broadcom and Micron, adding more exposure to the semiconductor supply chain.

The appeal to investors is clear: much of the portfolio is built on big structural themes, not defensive diversification. The trade-off here is concentration risk.

A decline in AI expenditure, oil costs or high-growth technology valuations might hurt a number of assets at the same time.

Next to look for is whether the portfolio continues to add to its biggest positions, or whether it starts to pare down concentration following recent gains.

Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

HSBC is assessing whether Palantir should remain in its Islamic Global Equity Index fund.

Summary

The fund bought about $38.3 million of Palantir shares in the first half.

Palantir Technologies Inc. (PLTR, Financials), the data analytics and military software business, has a fresh query about its institutional ownership in Britain.

HSBC Asset Management is evaluating Palantir's participation in its roughly $9 billion Islamic Global Equity Index fund after big worker pension plans voiced concerns about the holding.

The fund, which follows the S&P Global 1200 Shariah Select Index, purchased over $38.3 million in Palantir shares in the first half of the year.

Nest, the state-backed worker pension program, and People's Pension, sought views from HSBC on the inclusion of Palantir.

The issue is Palantir's links to U.S. and Israeli defense industries and whether this is in line with the ethical standards demanded by investors in Sharia-compliant funds.

This is important because exclusion from major index-linked or screened funds can create substantial selling pressure, even if the underlying company's operational performance does not improve.

HSBC said it will assess whether its existing approach still fulfills investor expectations.

The broader question for Palantir investors is whether this is contained to one fund or expands to other ESG, ethical or faith-based investing mandates.

Next to watch is HSBC's review and whether or not a formal removal decision follows.

Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

After a relatively tame September, Palantir (NASDAQ: PLTR) stock insider traders have been accelerating their selling activity in October, with a total reported volume for the month standing above $8 million by press time.

Receive Signals on SEC-verified Insider Stock Trades

Stocks

This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).

Director Alexander Moore was the latest among them to disclose a major market maneuver. Specifically, on October 19, he disclosed dumping 16,000 PLTR shares at an average price of $197.99, raising a total of $3.16 million.

This was Moore’s first Palantir insider trade since he offloaded the same number of shares for a slightly smaller $2.76 million on September 15 – exactly one month earlier – and the second-biggest such sale of Palantir stock in October.

Chief Revenue Officer (CRO) and Chief Legal Officer (CLO) Ryan Taylor, meanwhile, is responsible for the biggest market move among the firm’s senior personnel since the month started. Specifically, he dumped 18,000 PLTR on October 8 for $3.6 million.

Receive Signals on SEC-verified Insider Stock Trades

Stocks

This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).

Is October flare-up in Palantir insider sales a sell signal for PLTR stock?
Notably, the fact that Moore’s trades have been happening every month in a range smaller than a single week – October 15, September 15, August 17, July 15, etc. – makes what would otherwise be interesting timing irrelevant.

Indeed, after starting October at $190.04, Palantir shares briefly stagnated and even retraced slightly before taking off to recent highs above $209. Director Alexander Moore’s trade, for its part, occurred just before a severe 7.22% one-session drop that took place on Friday, October 16.

Ryan Taylor’s trade, instead, might be more interesting since it took place shortly before PLTR equity found its latest monthly high and was executed close to the intraday high. Indeed, the CRO and CLO sold at $201.15, and Palantir met the October 8 evening bell at $198.78.

Palantir stock price one-month chart. Source: Google
Still, even that insider trade likely does not represent a signal about the company’s future due to the numerous rules regulating the stock market activities of senior personnel at every public firm.

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

Copy top-performing traders in real time, automatically.

eToro USA is registered with FINRA for securities trading.

30+ million
Users worldwide

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Join Finbold's newsroom, become a Sales Executive today!

Apply now to join Finbold as a crypto/finance news writer!

Palantir stock has been in a strong bull run since bottoming at $105.95 in June. It surged to a record high of $212 as investors cheered the company's second-quarter earnings report.

Palantir just posted its fastest commercial growth ever, but the valuation math raises a question that every investor needs to answer before buying in at current prices.

Palantir (NASDAQ:PLTR | PLTR Price Prediction) now gets its fastest growth from American corporations. U.S. commercial revenue rose 149% year over year last quarter.

Our 24/7 Wall St. price target for Palantir is $215.53, which means 7.24% upside from $200.97. Our model rates the stock a buy with high confidence.

24/7 Wall St. Price Target Summary Metric Value Current Price $200.97 24/7 Wall St. Price Target $215.53 Upside/Downside 7.24% Recommendation BUY Confidence Level 90% Our target sits above the analyst consensus of $205.27 and slightly above the 52-week high of $212.94. Upside looks modest because shares have already re-rated on record results.

The revenue mix carries more weight. Palantir is becoming from a defense software vendor into an enterprise AI platform, which broadens its market and reduces its reliance on government budgets.

A Record Quarter Fueled a 50% Rally Since July From July 15 through October 14, shares gained 50.25%. They are up 14.36% over the past month, 2.1% over the past week and 11.5% year to date. The 52-week low was $106.37.

The rally followed the second-quarter report on August 3. Revenue rose 92.8% to $1.935 billion, and EPS of $0.41 beat the $0.28 estimate.

U.S. commercial revenue came in at $764 million and U.S. government revenue at $809 million, up 90%. Management raised full-year revenue guidance to $8.150 billion to $8.158 billion, which works out to 82% growth.

Commercial Momentum Could Push Shares Toward $227.60 The bull case starts with bookings. U.S. commercial total contract value reached $2.132 billion, up 153%, and U.S. commercial customers grew 35% to 653. Net dollar retention hit 157%, meaning existing customers are spending far more each year.

One multinational technology customer expanded to a three-year, nearly $370 million deal. CEO Alex Karp said, “I am driving the business to grow at a rate equal to or above what we have in U.S. commercial for the next 18 months.” Analyst ratings lean bullish (19 Buy and 1 Strong Buy). Our bull case reaches $227.60.

Valuation Leaves Little Room for a Stumble Free cash flow multiples sit at 220 for Palantir, and stock-based compensation was $265 million last quarter. Government contracts can be terminated for convenience, and management expects Q3 expenses to rise significantly.

The bear case sits at $179.59. GAAP net income reached $1.062 billion, and Palantir has $9.2 billion in cash and Treasuries. Profits are real and growing quickly.

Palantir Trades Between Snowflake and Salesforce Snowflake (NYSE:SNOW) competes for the same enterprise data and AI budgets. Revenue grew 35.09% last quarter, and the company still posts GAAP operating losses.

Salesforce (NYSE:CRM) is the value end of commercial AI. Agentforce ARR topped $1.5 billion, yet total revenue grew just 10.83%.

Company Forward P/E Latest Quarter Revenue Growth Palantir 85x 92.8% Snowflake 169x 35.09% Salesforce 14x 10.83% Palantir grows far faster than Snowflake at half the forward multiple. Our target looks reasonable as a result.

Palantir Price Prediction 2026-2030 Our 24/7 Wall St. price target of $215.53 carries a buy rating and 90% confidence. What tips the scale for me is commercial diversification.

The bull case strengthens if U.S. commercial growth keeps pace with Karp’s 18-month goal. The bear case gains weight if bookings slow while compensation costs rise. For now, the growth justifies the premium.

This is where our model projects Palantir could trade if current trends hold.

Year 24/7 Wall St. Price Target 2026 $215.53 2027 $227.88 2028 $240.95 2029 $254.76 2030 $269.36 The projections rest on Palantir continuing to execute its commercial expansion. A faster rollout of sovereign AI could drive results higher, while multiple compression could pull them lower.

Contact [email protected] for any questions or corrections.

Palantir Technologies (PLTR +4.73%) stock was sharply higher Monday morning, gaining as much as 5.9%. As of 12:19 p.m. ET, the stock was still up 5.5%.

The catalyst that sent the data-mining and artificial intelligence (AI) software specialist higher was a new partnership that expands the availability of its technology.

Image source: Getty Images.

More was to access PalantirIn a press release that dropped Monday morning, Palantir announced a new partnership with Knox Systems, one of the world's largest Federal and Department of Defense (DoD) managed cloud providers. The collaboration "ensures mission-critical applications have access to the most secure infrastructure possible, while still being able to deploy their product on their schedule, at the fastest pace possible."

The partnership brings together Palantir's leading data mining and AI platform and Knox's managed federal cloud computing platform. Together, the pair will help customers accelerate their acceptance into the Federal Risk and Authorization Management Program (FedRAMP), "getting the best technology into the hands of the warfighter and the U.S. Government," according to the release.

$194.84+$8.81 (+4.73%)

NASDAQ · As of 1:06 PM ET 10/19/26

Palantir's AI solutions already help consolidate and process battlefield data in real time, identify and track enemy threats, and coordinate responses. FedRAMP and Impact Level 5 are two of the strictest federal certification standards. This partnership helps accelerate software deployments in these environments more quickly, getting the company's solutions to more warfighters more quickly.

Recent concerns about the future of AI adoption have weighed on Palantir, though the stock still appears pricey at 83 times next year's expected earnings. However, thanks to Palantir's triple-digit profit growth, the stock's price/earnings-to-growth (PEG) ratio comes in at 0.5, when any number less than 1 is the standard for an undervalued stock.

That’s why Palantir stock is a buy.

Danny Vena, CPA has positions in Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.

WASHINGTON & MIAMI--(BUSINESS WIRE)--Knox Systems, among the world's largest Federal and Department of War (DoW) Managed Cloud, today announced a new partnership with Palantir Technologies Inc. (NASDAQ: PLTR) focused on customers with critical mission sets in FedRAMP and IL5 environments.With this move, Palantir is doubling down on getting the best technology into the hands of the warfighter and the U.S. Government, with the velocity and security the mission demands. Knox already serves more tha.

Aspiriant LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,028 shares of the company’s stock, valued at approximately $566,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GFG Capital LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter valued at about $188,000. Surience Private Wealth LLC acquired a new stake in Palantir Technologies during the third quarter worth approximately $2,220,000. Howard Capital Management LLC increased its holdings in Palantir Technologies by 1.0% in the third quarter. Howard Capital Management LLC now owns 64,985 shares of the company’s stock worth $12,155,000 after purchasing an additional 673 shares in the last quarter. Clearview Wealth Management LLC bought a new stake in Palantir Technologies in the third quarter worth approximately $208,000. Finally, Franchise GP Ltd bought a new stake in Palantir Technologies in the third quarter worth approximately $5,650,000. Institutional investors own 45.65% of the company’s stock.

Key Palantir Technologies News Here are the key news stories impacting Palantir Technologies this week:

Positive Sentiment: Palantir and Ondas launched Regna AI, a venture focused on sovereign-AI solutions for defense and enterprise missions. The initiative could expand Palantir’s opportunities in autonomous systems, surveillance and other mission-critical applications. Regna AI launch Positive Sentiment: Palantir expanded its commercial reach through a collaboration with Customers Bank, which will deploy the Foundry and AIP platforms to automate commercial-client onboarding. The agreement supports the company’s strategy of diversifying beyond government and defense customers. Customers Bank collaboration Neutral Sentiment: Analyst sentiment remains broadly constructive, including Goldman Sachs’ upgrade to Buy and recent targets above the current trading range. However, coverage also emphasizes that expectations are high ahead of Palantir’s November 2 third-quarter earnings report. Analyst views ahead of earnings Negative Sentiment: Broader technology and AI stocks sold off as investors questioned how the industry will finance its large-scale AI buildout and which companies will ultimately generate sufficient returns. Palantir was pulled lower along with other enterprise-software shares. Enterprise software selloff Negative Sentiment: Valuation concerns are intensifying after the rally. Commentary highlights a price-to-earnings multiple near 170 times, leaving limited room for slower growth, weaker guidance or an earnings reaction that falls short of elevated expectations. Palantir valuation analysis Negative Sentiment: Insider-sale disclosures added to selling pressure. Recent filings show sales by directors and other executives, including transactions made under prearranged Rule 10b5-1 plans; these do not necessarily signal deteriorating fundamentals but can weigh on sentiment and increase available supply. Palantir insider sales Palantir Technologies Trading Down 7.2% NASDAQ PLTR opened at $186.03 on Friday. The firm has a market capitalization of $447.04 billion, a P/E ratio of 159.00, a PEG ratio of 3.27 and a beta of 1.60. The business has a fifty day simple moving average of $182.61 and a 200 day simple moving average of $152.00. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $212.94. Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business’s revenue was up 92.8% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies In other Palantir Technologies news, insider Alexander Karp sold 492,348 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $174.79, for a total value of $86,057,506.92. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,124,294,375.82. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 2,055 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $174.83, for a total transaction of $359,275.65. Following the completion of the sale, the insider directly owned 58,171 shares of the company’s stock, valued at $10,170,035.93. The trade was a 3.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 560,390 shares of company stock valued at $97,909,177 in the last quarter. 9.53% of the stock is owned by company insiders.

Analysts Set New Price Targets Several analysts have recently commented on the stock. President Capital raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $25.50 to $133.00 in a research report on Monday, June 29th. Benchmark reiterated a “hold” rating on shares of Palantir Technologies in a research report on Tuesday, August 4th. The Goldman Sachs Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $230.00 target price on the stock in a research report on Thursday, October 8th. Mizuho increased their target price on shares of Palantir Technologies from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, DA Davidson raised their price target on shares of Palantir Technologies from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.61.

View Our Latest Report on Palantir Technologies

(Free Report)

Palantir Technologies Inc develops software platforms that help government agencies and commercial organizations integrate, analyze and act on data. Its products are designed to support complex operations such as defense and intelligence, supply-chain management, manufacturing, healthcare and other data-intensive activities.

Palantir’s principal platforms include Gotham, which is primarily used by government and defense customers; Foundry, which helps commercial and institutional users build data-driven workflows; Apollo, a platform for deploying and managing software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects generative artificial intelligence capabilities with an organization’s data and operational systems.

Founded in 2003, the company initially focused on software for government and national-security applications before expanding into commercial markets.

Read More Five stocks we like better than Palantir Technologies Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Palantir (PLTR) is a stock that has gripped AI investors for the last couple years, and that attention has led to exceptionally high volatility in the rising software giant. George Tsilis turns to the developments that occurred within the company since he previously talked about the stock, including new partnerships with Nvidia (NVDA) and Nebus (NBIS).

NHS organisations that care for millions of people in England are rejecting Palantir’s patient data technology, according to freedom of information responses that reveal health bosses believe they can find better or equal alternatives in many cases.

Some health bodies said the £330m federated data platform (FDP) operated by the controversial US company had made it easier to manage waiting lists and has improved surgery scheduling. But, from Gateshead to Truro, others said they were declining to use it or had carried out trials and reverted to old systems. A Suffolk trust said other systems “supercede” the FDP’s functionality, while Greater Manchester’s care board called the Palantir system “duplicative” and “retrograde”.

The responses come as Andy Burnham’s government faces a crunch decision about whether to exercise a break clause in the seven-year NHS-Palantir deal, which was intended to better integrate the health system’s data to improve clinical accuracy and efficiency. Protests against the US firm’s role have also focused on its other contracts with the Israeli military and Donald Trump’s homeland security forces. There is also dispute over evidence for the system’s effectiveness and public concern about the involvement in the NHS of a company cofounded by the tech billionaire Peter Thiel, who said in 2023: “The NHS makes people sick.”

According to more than two dozen FOI responses reviewed by the Guardian, 16 trusts and health boards declared they do not use it, following its introduction in March 2024. They include the University hospitals of North Midlands NHS trust, which said it will not use it primarily because “it does not appear to provide functionality over and above what we have already” and Dorset HealthCare university trust said it “will not be adopting or going live with the FDP”. Humber Teaching NHS foundation trust said: “We have no plans to use it.”

Cambridgeshire and Peterborough NHS foundation trust said it has used the system but it has “not offered significant improvements on local systems”. Avon and Wiltshire mental health partnership NHS trust said it had yet to find an FDP tool that offered significantly more than its existing capabilities and University hospitals Birmingham NHS foundation trust, which cares for more than 2 million people, said it had no plans to use it, citing “limited expected benefit over existing solutions”. The FOIs were gathered by Medact, a health campaign that opposes Palantir’s role in the NHS, and posted to a public transparency website, WhatDoTheyKnow.

Palantir has previously challenged claims that other software could be just as effective, with its senior vice-president, the former Labour MP Tom Watson, saying last week: “If there are companies that can do it, they would have taken part in free and open competition” to run the FDP.

Watson, a Labour peer and former minister alongside Burnham, was appointed as Palantir’s chief lobbyist last month amid a wave of opposition to the Palantir deal. He warned his former colleagues in Labour not to let “mob rule … lead procurement practices”.

But two parliamentary select committees have urged the government to end Palantir’s contract, including the Commons’ science and technology committee. Martin Wrigley, a Liberal Democrat member of the committee, said the NHS boards’ responses “justify what I have been saying for the last year, which is that Palantir’s system is just not that good”.

“Once again we have proven that centrally dictating a solution to the NHS can’t work,” he said. “We have to get back to developing interoperability so each trust has its own software but with a set of standards for how they interact. Palantir are great sales people but they over-promise and under-deliver.”

Dr Rhiannon Mihranian Osborne, a spokesperson for Medact, said the FOIs showed alternatives existed, a safe transition away from Palantir was possible and “the government has no excuse to extend the contract”.

“Instead of outsourcing key NHS functions to big tech companies, the government must back NHS innovation and the highly skilled NHS data professionals who work alongside doctors and nurses to deliver care in the public interest,” she said.

A protest against Palantir’s role in the National Health Service at St Thomas’ hospital in London. Photograph: Toby Shepheard/ReutersPalantir accused Medact of “slanted analysis” and of “misleading the public”.

“The FDP is, objectively, a successful programme,” a spokesperson said, adding that its purpose was to provide trusts with tools to draw on depending on their existing capabilities and needs. “It is one of just 20% of major government programmes with a green delivery rating, with ministers stating that it ‘is significantly exceeding its benefits forecast and has exceeded every target’.”

It said NHS trusts, including Chelsea and Westminster, Leicester, Northampton, Bath, North Cumbria, Croydon, Great Western, Dorset, Chesterfield, Ashford and St Peters and Norfolk have publicly praised the FDP.

Palantir also points to NHS data that shows trusts using the FDP have carried out 117,000 additional operations and a 14.3% reduction in discharge delays for long-stay patients. NHS England has, however, had to add a caveat to its statistics, making clear it cannot draw conclusions about cause and effect as other variables have not been controlled for.

The government’s national data guardian for health and social care, Dr Nicola Byrne, this week urged ministers to give substantial weight to the “trust factor” when deciding on Palantir’s fate. More than 44,000 people have filed legal objections to their health data being shared with, stored in or used by the FDP. Byrne, a government-appointed watchdog, said there was evidence “a significant number of local organisations” were reluctant to adopt the FDP including due to concerns about Palantir and “a preference for other solutions”.

Sophie Don, the chief executive of Voror, a patient data company that bid unsuccessfully against Palantir, said: “Of course Palantir isn’t the only company that can do this. It doesn’t surprise me that it is making things harder … If NHS staff are choosing not to use it, it’s a clear sign it’s not creating value. There are many home-grown systems that would release much more value to the NHS than the [Palantir] platform.”

A spokesperson for NHS England said: “137 NHS trusts have now reported benefits from the wide range of tools available on the platform – helping staff join-up and improve care for patients, and work more efficiently.”

Assenagon Asset Management S.A. trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 47.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 787,997 shares of the company’s stock after selling 703,570 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Palantir Technologies were worth $147,395,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth $1,574,111,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Palantir Technologies by 277.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,446,959 shares of the company’s stock worth $1,528,143,000 after buying an additional 7,678,747 shares in the last quarter. Corient Private Wealth LLC grew its stake in Palantir Technologies by 1,449.7% in the 4th quarter. Corient Private Wealth LLC now owns 5,272,601 shares of the company’s stock valued at $937,205,000 after acquiring an additional 4,932,364 shares during the last quarter. Bank of America Corp DE grew its stake in Palantir Technologies by 28.7% in the 1st quarter. Bank of America Corp DE now owns 18,839,779 shares of the company’s stock valued at $2,755,883,000 after acquiring an additional 4,201,852 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Palantir Technologies by 795.6% in the 1st quarter. Janus Henderson Group PLC now owns 3,323,141 shares of the company’s stock valued at $480,247,000 after acquiring an additional 2,952,079 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets In related news, insider Jeffrey Buckley sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the completion of the sale, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Friedman Stat sold 5,026 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $199.00, for a total transaction of $1,000,174.00. Following the transaction, the director directly owned 46,402 shares of the company’s stock, valued at $9,233,998. This trade represents a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 560,390 shares of company stock valued at $97,909,177. 9.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth Several equities analysts have weighed in on PLTR shares. Oppenheimer downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Mizuho upped their price target on shares of Palantir Technologies from $215.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Tuesday, August 4th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a research report on Friday, July 31st. Finally, UBS Group raised their price objective on shares of Palantir Technologies from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.61. Read Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Stock Performance Shares of NASDAQ PLTR opened at $200.50 on Friday. The firm has a market cap of $481.81 billion, a P/E ratio of 171.37, a price-to-earnings-growth ratio of 3.54 and a beta of 1.60. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $212.94. The firm’s 50 day moving average price is $182.33 and its 200 day moving average price is $151.76.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a return on equity of 30.57% and a net margin of 49.01%. The business’s revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, equities analysts predict that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Palantir Technologies News Roundup Here are the key news stories impacting Palantir Technologies this week:

Positive Sentiment: Palantir agreed to deploy its Foundry and Artificial Intelligence Platform (AIP) with Customers Bank to automate commercial-client onboarding while preserving a high-touch banking experience. The deal expands Palantir’s commercial footprint into banking and supports the company’s broader strategy of converting AI demand into recurring enterprise contracts. Palantir Customers Bank collaboration Positive Sentiment: Surf Air Mobility signed its fifth OperatorOS contract, with Flying Zebra, for aviation software powered by Palantir. Although the agreement is with Surf Air rather than directly with Palantir, it provides another example of AIP-related technology gaining commercial adoption. Surf Air and Flying Zebra contract Positive Sentiment: Goldman Sachs upgraded Palantir to Buy from Neutral, while separate valuation research lifted its fair-value estimate to approximately $205.27 from $195.57. These actions reinforce optimism about Palantir’s AI execution, commercial growth and sovereign-AI opportunities. Palantir fair value estimate Neutral Sentiment: Palantir cofounder Peter Thiel and Chief Technology Officer Shyam Sankar made highly controversial comments criticizing AI regulation and AI-safety advocates. The remarks may appeal to some investors but could also increase reputational or regulatory concerns; they do not directly change Palantir’s financial outlook. Palantir CTO comments Negative Sentiment: Valuation remains the main overhang. With Palantir trading at roughly 171 times earnings and near its 12-month high, analysts warn that substantial future growth is already priced in, leaving limited room for weaker guidance or a slowdown in AI spending. Palantir valuation concerns Negative Sentiment: ARK Invest, managed by Cathie Wood, sold approximately $6.3 million of Palantir shares while reallocating capital to other AI companies. Recent Rule 10b5-1 sales by Palantir directors and executives add to the perception that some insiders are monetizing the rally. ARK Invest Palantir sale Negative Sentiment: Investors face a high expectations bar ahead of the expected November 2 earnings report. Palantir’s strong revenue growth and repeated earnings beats support the bullish case, but they also increase the risk of profit-taking if results or forecasts fail to exceed elevated expectations. Palantir earnings expectations (Free Report)

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.

Recommended Stories Five stocks we like better than Palantir Technologies ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle Beyond the GPU: Credo Paves the Next AI Data Superhighway

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Palantir shares have already turned patient holders into winners, but the next five years look nothing like the last five. The question is whether the growth engine running at full throttle today can justify a valuation that leaves almost no…

Our 24/7 Wall St. price target for Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) is $221.30 over the next 12 months. That implies 6.05% upside from $208.67. The model rates the stock a buy with high confidence.

  24/7 Wall St. Price Target Summary Metric Value Current Price $208.67 Price Target from 24/7 Wall St. $221.30 Upside/Downside 6.05% Recommendation BUY Confidence Level 90% Palantir has already rewarded patient holders, with shares rising 746% over five years.

Today the company is worth roughly $472.2 billion, so the next leg of wealth creation depends on earnings growing fast enough to justify a premium multiple (we studied what the biggest tech winners looked like early on and turned the pattern into a free playbook here). Our model sees steady gains ahead, while the business itself keeps beating expectations.

Palantir Climbs Toward Its 52-Week High After a Strong Quarter Shares gained 7.25% over the past week, 23.18% over the past month, and 15.89% year to date. The stock sits about 2% below its $212.94 52-week high and roughly 96% above its $106.37 low.

The catalyst was the second-quarter report. EPS of $0.41 beat the $0.28 estimate, and revenue rose 92.83% to $1.935 billion. U.S. commercial revenue grew 149%, and management raised full-year revenue guidance to $8.150 to $8.158 billion. CEO Alex Karp called the quarter “otherworldly.”

Why Bulls See $231 and Beyond The growth engine is accelerating. Net dollar retention reached 157%, total remaining deal value rose to $13.1 billion, and Palantir closed 73 deals worth $10 million or more. Karp set an aggressive goal: “I am driving the business to grow at a rate equal to or above what we have in U.S. commercial for the next 18 months.”

Of the analysts covering the stock, 20 rate it a Buy or Strong Buy, against a consensus target of $205.27. The bull case reaches $231.73 in one year and $289.47 within five years.

Valuation Leaves Little Room for a Stumble Palantir trades at 180x trailing earnings and 81x sales. Stock-based compensation reached $265 million last quarter, and U.S. customers generated over 81% of revenue. Two analysts rate the shares a Sell or Strong Sell. Our bear case points to $183.63.

On dilution, quarterly GAAP net income of $1.062 billion covers stock compensation many times over. Palantir also holds $9.2 billion in cash and Treasuries and expects adjusted free cash flow of $4.5 to $4.7 billion this year.

Palantir Outgrows Snowflake and Salesforce by a Wide Margin Snowflake (NYSE:SNOW) competes for the same enterprise data and AI budgets. Its forward multiple of 169x is roughly double Palantir’s, even though its revenue grows far more slowly.

Salesforce (NYSE:CRM) offers the value contrast. It sells AI agents to the same corporate buyers at just 14x forward earnings, with low double-digit growth.

Company Forward P/E Quarterly Revenue Growth (YoY) Palantir 85 92.8% Snowflake 169 35.1% Salesforce 14 10.8% Palantir’s valuation looks more justified relative to its growth than Snowflake’s, which makes the 24/7 Wall St. price target look reasonable, perhaps even conservative.

Palantir Earns a BUY, With Measured Expectations The 24/7 Wall St. price target of $221.30 carries a buy rating and 90% confidence. Speeding up U.S. commercial demand is what tips the scale.

I’d stay positive if U.S. commercial growth keeps pace with guidance of at least 134%. I’d grow cautious if growth slows while the multiple stays near current levels. Palantir can still create shareholder value, but probably at a slower pace than the past five years delivered.

Palantir Price Prediction 2026-2030 Looking further ahead, here is where our model projects Palantir could trade if current growth trends continue.

Year Price Target from 24/7 Wall St. 2026 $221.30 2027 $233.13 2028 $245.58 2029 $258.71 2030 $272.53 These projections assume Palantir keeps executing on its AI sovereignty strategy. Sustained U.S. commercial growth could push results well above them, while multiple compression or lost government contracts could pull them lower.

Contact [email protected] for any questions or corrections.

Shares of Palantir Technologies (PLTR -5.91%) ended Oct. 9 at $209.05, their highest close ever. They've dipped since. But at around $198 as I write, the stock still sits only about 5% under that high.

It's easy to see why investors keep paying up. The artificial intelligence (AI) data and analytics specialist grew its second-quarter revenue 93% year over year, and its profits rose even faster.

But at today's price, investors pay around 170 times earnings for it, going by what Palantir earned in the last year -- more than I'm willing to pay.

At what price, then, would the stock become a buy for me?

Image source: The Motley Fool.

Palantir's profits keep climbingHighlighting how fast the company is scaling, Palantir's second-quarter earnings per share more than tripled year over year, up from $0.13 to $0.41. Net income grew a bit faster still, hitting around $1.06 billion versus about $327 million in the year-ago quarter. Earlier quarters showed the same climb. Palantir's quarterly earnings per share rose from $0.18 in the third quarter of 2025 to $0.24 in the fourth quarter, then to $0.34 in the first quarter of 2026 before hitting $0.41 in the second.

Add those four quarters up, and Palantir earned $1.17 per share over the last year. That's almost four times the $0.30 per share it earned in the four quarters before.

I'll use that trailing $1.17 as my earnings figure, because it's what the company reported, not an estimate.

Of course, the quarter-to-quarter gains are shrinking. Earnings per share rose around 42% from the fourth quarter to the first quarter, but only about 21% from the first quarter to the second.

Even for a business growing so fast, paying about 170 times earnings of $1.17 a share is a lot for profits that have already been booked.

What did investors pay at the low?To choose a valuation multiple, I don't have to guess what a fast-growing software business might deserve. Palantir showed what investors were willing to pay for it just a few months ago.

On June 25, shares ended at around $107, the lowest closing price over the last 12 months. At that time, Palantir's trailing earnings per share came to $0.89, based on the four quarters through March. So, even near the bottom of a tough first half, investors paid around 120 times earnings.

That's still a rich price-to-earnings multiple. But it's one the market has already accepted for this business during a time when sentiment was weak -- and just weeks before Palantir posted 93% revenue growth for the second quarter.

Apply that 120 times earnings to Palantir's trailing earnings per share of $1.17, and you get around $140 a share, or about 29% under today's price.

The stock might not need to fallA 29% drop is one way to get there. The stock has fallen more than that recently, losing around 34% of its value in the first half of 2026.

But earnings might do the job instead. The quarter that drops out of the trailing total next is the third quarter of 2025, when Palantir earned $0.18 a share. If quarterly earnings per share just stayed at the second quarter's $0.41 for three more reports, trailing earnings would climb to about $1.64. At 120 times earnings, that's about $197 -- right around where the stock trades today. If earnings keep growing instead, it might get there earlier.

PLTR Palantir Technologies$188.66-$11.84 (-5.91%)

NASDAQ · As of 11:21 AM ET 10/16/26

Management's forecast suggests profits aren't stalling, either. For the third quarter, Palantir guided for non-GAAP (adjusted) operating income of around $1.29 billion. That would be around 8% over the second quarter's adjusted number and more than twice the year-ago quarter's.

Of course, nothing guarantees earnings stay at that level. Quarter-to-quarter earnings growth is already cooling. And Palantir booked hardly any income tax expense in the second quarter -- around $15 million on about $1.08 billion in pre-tax income. If its tax rate climbs, earnings per share could grow slower than operating profit does.

In the end, Palantir is executing about as well as any software company I track. The catch is that today's price arguably assumes it keeps this up for years.

So, I'd consider buying Palantir stock at around $140 per share, or about 120 times its earnings for the last four quarters. If these earnings keep rising, that price should rise with them. At around $198 today, the stock still sits far above it.

Palantir Technologies Today

PLTR

Palantir Technologies

$188.15 -12.35 (-6.16%)

As of 11:39 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$106.37▼

$212.94160.35

$201.61

Are retail investors bailing on Palantir Technologies NASDAQ: PLTR? At least one group of shareholders was selling. In its August 2026 Schwab Trading Activity Index report, Charles Schwab reported that PLTR was one of several high-beta technology stocks that its clients net sold.

The top-of-mind question is why? Schwab cites profit-taking and rotation within the tech sector as two reasons for the selling. That holds up, given that names like SpaceX NASDAQ: SPCX, Micron Technology NASDAQ: MU, and Intel Corp. NASDAQ: INTC were among those that saw net buying during the month.

Get Palantir Technologies alerts:

PLTR has gained more than 50% over the past three months. That means somebody has to be doing the buying. In this case, it appears that institutions are finally sending a signal that it's time to dive in.

Wall Street Is Playing Catch-UpOver the past three months, the consensus price target from the analysts tracked by MarketBeat has risen from $190.85 to $201.61, compared with $194.04 a month ago. That's an increase of nearly 6%, but PLTR's share price has climbed much faster. With shares trading near $200, the consensus target now implies little additional upside.

Palantir Technologies Stock Forecast Today12-Month Stock Price Forecast:
$201.61
3.38% Upside

Moderate Buy
Based on 37 Analyst Ratings

Current Price$195.01High Forecast$265.00Average Forecast$201.61Low Forecast$80.00Palantir Technologies Stock Forecast Details

Here's where the story gets better. Institutional ownership in PLTR is still around 45%. That compares with roughly 80% for Micron and about 64% for Intel, two of the stocks Schwab clients were buying. That gap leaves plenty of room for fund managers to build positions, although it doesn't guarantee they will.

Retail investors drove a strong move in Palantir. But it's institutional money that will likely be the catalyst for the next leg higher. MarketBeat's institutional ownership data shows more institutional buyers than sellers over the past year, while recent analyst activity suggests improving sentiment.

In October alone, Goldman Sachs upgraded PLTR from Neutral to Buy with a $230 price target. Raymond James upgraded the stock from a Hold to a Moderate Buy. Barclays initiated coverage with an Overweight rating and a $265 price target. And Robert W. Baird also set a fresh price target of $250 on PLTR.

A $250 price target would imply roughly 25% upside from recent trading levels. While that is well above the current consensus, it reflects the more bullish outlook emerging among some Wall Street analysts.

Karp's Ambitious Free Cash Flow ForecastThe growing optimism follows the company's blowout Q2 2026 earnings report in August. The headline numbers comfortably beat expectations; Palantir is showing strong growth in both the commercial and government sides of its business.

But one of the most ambitious projections came earlier, during a July 1 CNBC interview. That's when CEO Alex Karp said Palantir could generate $15 billion to $18 billion in free cash flow within two years.

It's important to put that in perspective. For the full year 2026, the company is forecasting adjusted FCF between $4.5 billion and $4.7 billion. Achieving Karp's bullish forecast will require FCF to grow by roughly 80% to 100% annually.

Before dismissing that kind of growth, remember that Palantir delivered adjusted FCF growth of 115% in the second quarter. Plus, Karp has a track record of delivering on forecasts that skeptics dismissed as talking his book.

Sovereign AI Gives Institutions a Story to UnderwriteThe company is also getting a boost as the concept of sovereign AI has become front-and-center in the AI trade. The real story here goes back to institutional interest. The issue of sovereign AI has been an "aha moment" that has crystallized Palantir's one-of-one role in the AI stack.

Sovereign AI refers to nations building AI capabilities they control, from the data to the models to the software that runs on top of them. For governments, that’s a matter of national security. Few software companies have Palantir’s decades of experience operating inside classified environments. Recent partnerships, including a sovereign AI push with edge-computing company Armada, reinforce that position.

For institutional investors, that matters. It’s easier to justify a premium multiple for a company with a defensible moat than for a stock riding an AI narrative.

What the Chart Says Ahead of EarningsThe Oct. 14 session was a reminder that the handoff won’t be smooth. PLTR fell about 4% after briefly trading above $209, giving back its break above the November 2025 record high near $207.50. But the selling came on relatively light volume, and buyers stepped in right at the $200 level.

The 50-day simple moving average, now around $181, is rising steeply but sits roughly 10% below the current price. That shows how extended the move has become. The MACD remains above its signal line, but the histogram has started to narrow, which suggests momentum is cooling rather than reversing.

Palantir is expected to report Q3 results in early November. If institutions are truly stepping in, dips toward $200, or even the 50-day average, should attract buyers rather than trigger an exodus. Retail investors who sold in August may have locked in solid gains. The question is whether they left the next leg of the move on the table for Wall Street.

Should You Invest $1,000 in Palantir Technologies Right Now?Before you consider Palantir Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.

While Palantir Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.