Key Stats for Palantir Stock
- Pre-Market Price Change for Palantir stock: -4%
- $PLTR Share Price as of Nov. 3: $207
- 52-Week High: $207
- $PLTR Stock Price Target: $156
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What Happened?
Palantir (PLTR) stock is down over 4% in pre-market trading today following the company’s third-quarter earnings report, which crushed Wall Street expectations on both the top and bottom lines.
The data analytics giant reported adjusted earnings of $0.21 per share on revenue of $1.18 billion, easily beating analyst estimates of $0.17 per share on $1.09 billion in revenue.
Revenue surged 63% from the prior year, marking the second consecutive quarter the company crossed $1 billion in sales. Net income more than tripled to $475.6 million compared to $143.5 million a year earlier.
Palantir now expects fourth-quarter revenue of approximately $1.33 billion, well above the $1.19 billion that analysts had forecast. For the full year, management raised its sales outlook to approximately $4.4 billion, surpassing Wall Street’s estimate of $4.17 billion.
Growth was strong in the U.S. commercial segment, where revenue more than doubled to $397 million. It closed $1.31 billion in total contract value for U.S. commercial deals, representing a more than fourfold increase.
Recent partnerships with Snowflake, Lumen, and Nvidia signal continued momentum in enterprise AI adoption.
The U.S. government business also delivered robust growth, with revenue climbing 52% to $486 million despite the ongoing government shutdown that has stretched into its second month. Palantir recently secured a major win with a deal worth up to $10 billion with the U.S. Army, cementing its position as a preferred vendor for military and intelligence agencies.
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What the Market Is Telling Us About Palantir Stock
The market’s positive reaction to Palantir’s earnings reflects growing confidence in the company’s ability to capitalize on the artificial intelligence boom.
With Palantir stock price up over 170% this year and trading at a market cap exceeding $490 billion, the company has joined the ranks of the most valuable technology names globally.
However, Palantir stock trades at an extreme multiple compared to tech giants with far more revenue, leading some analysts to question whether the current price is sustainable.
In his shareholder letter, CEO Alex Karp addressed these concerns directly, stating that Palantir has enabled retail investors to “achieve rates of return previously limited to the most successful venture capitalists.”
Despite the valuation concerns, the company’s ability to consistently beat expectations and raise guidance suggests strong underlying business momentum.
The combination of accelerating AI adoption, deepening government contracts, and expanding commercial partnerships points to continued growth ahead.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
