Palantir Technologies Inc.

(NASDAQ Global Select)
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Bullish +65

Palantir Stock Price Forecast — What Analysts Expect Ahead of November 2 Earnings

Analyst upgrade Financial outlook AI-generated analysis

📅 Palantir will report Q3 earnings on November 2 with revenue forecast to rise 84.7% to $2.18 billion.

📈 Analysts expect EPS of $0.41, a substantial increase from the prior quarter's $0.21.

🚀 Goldman Sachs upgraded Palantir to Buy and set a $230 price target, highlighting its unique FDE model.

💼 Rosenblatt analyst John McPeake expects Palantir to beat Q3 estimates and raise its outlook based on customer checks.

🔮 Rosenblatt estimates 2027 revenue at $14.6 billion, viewing the total addressable market as much larger.

🏛️ Piper Sandler anticipates strong Q3 contract awards driven by funding from the One Big Beautiful Bill Act.

⚠️ Piper Sandler notes a cautious outlook for Q4 due to a 25% decline in the Defense Tech index since mid-August.

📊 Wall Street consensus is Moderate Buy with an average price target of $213.57 implying 7.41% upside.

🤖 Growth is driven by firms deploying AI at scale, helping Palantir add new customers and sustain high retention.

🔍 Analysts believe enterprise AI spending will grow as companies apply AI to core workflows.

Bullish Signals
  • Goldman Sachs upgraded Palantir to Buy from Neutral with a $230 price target, citing the difficulty for rivals to copy its Forward Deployed Engineer model.
  • Rosenblatt analyst John McPeake expects Palantir to beat Q3 estimates and raise its outlook based on proprietary analysis of its customer base.
  • Piper Sandler raised its price target to $231 and maintains an Overweight rating, expecting strong contract awards in Q3 aided by new government funding.
  • Analysts foresee significant growth as firms deploy AI at scale, which will help Palantir add new customers and sustain high customer retention rates.
  • Goldman Sachs believes demand will rise as companies apply AI to core workflows and sovereign AI projects expand into 2027.
Risk Factors
  • Piper Sandler sees a more cautious outlook for the next quarter due to investor concerns about tighter defense spending, reflected in a 25% drop in the Defense Tech index.
  • The firm expects Palantir's Q4 commentary to reflect caution regarding shifting expectations from higher defense budgets.
Full Analysis
Palantir Technologies (PLTR) is set to report its third-quarter earnings on November 2, with Wall Street expecting a significant surge in revenue of 84.7% to $2.18 billion and an EPS increase to $0.41. Analysts remain optimistic about the company's growth trajectory, driven primarily by surging demand for its AI software solutions across various sectors. Market sentiment ahead of the earnings report is strongly positive, highlighted by recent upgrades from major investment banks. Goldman Sachs upgraded Palantir to a Buy rating and set a price target of $230, citing the difficulty for rivals to replicate its Forward Deployed Engineer model which aids customer deployment. Analysts also anticipate strong contract awards in Q3 supported by new government funding legislation, though some caution exists regarding potential shifts in defense spending expectations. Rosenblatt maintains a Buy rating and estimates 2027 revenue could reach $14.6 billion, suggesting the company's total addressable market is significantly larger. Overall, the consensus rating for PLTR stock is Moderate Buy with an average price target implying 7.41% upside potential. Analysts expect Palantir to beat Q3 estimates and potentially raise its outlook as firms continue to deploy AI at scale.