Palantir Technologies (PLTR) Earnings Preview: What to Expect & Analyst Sentiment

Palantir Technologies (PLTR) Prepares for Earnings Release: What to Expect

Get ready for a crucial week for Palantir Technologies (PLTR) investors as the company gears up to unveil its third-quarter earnings results. The Denver-based data analytics giant will release its financial performance after the market closes on Monday, November 4th. Analysts are eagerly anticipating the results, projecting strong growth for the quarter.

Key Earnings Expectations

According to data from Benzinga Pro, analysts expect Palantir to report earnings per share of 9 cents, a significant increase from the 7 cents per share earned in the same period last year. Revenue is projected to reach $701.13 million, indicating continued momentum in the company’s core business.

Strategic Partnership with L3Harris Technologies

Adding another layer of interest to the earnings report is Palantir’s recent strategic partnership with L3Harris Technologies Inc. (LHX). This collaboration aims to leverage Palantir’s advanced Artificial Intelligence (AI) platform to augment L3Harris’ sensor and software-defined systems. The combined solution is expected to play a pivotal role in supporting U.S. Army programs and bolstering AI-driven defense capabilities. This partnership underscores Palantir’s commitment to innovation and its growing presence in the defense and intelligence sectors.

Analyst Sentiment: A Mixed Bag

While analysts are optimistic about Palantir’s growth prospects, their rating on the stock varies. Let’s take a look at recent analyst actions:

*

Mizuho

analyst Matthew Broome maintained an

Underperform

rating but raised the price target from $24 to $30 on October 17th.
*

Wedbush

analyst Daniel Ives maintained an

Outperform

rating and increased the price target from $38 to $45 on September 26th.
*

Raymond James

analyst Brian Gesuale downgraded the stock from

Outperform

to

Market Perform

on September 23rd.
*

B of A Securities

analyst Mariana Perez maintained a

Buy

rating and raised the price target from $30 to $50 on September 10th.
*

Northland Capital Markets

analyst Michael Latimore initiated coverage on the stock with a

Market Perform

rating and a price target of $35 on August 22nd.

Key Takeaways for Investors

The upcoming earnings release presents a significant opportunity for investors to assess Palantir’s financial performance and growth trajectory. Key areas to watch include revenue growth, profitability, and any updates on the company’s strategic partnership with L3Harris Technologies. Analyst sentiment provides a mixed outlook on the stock, so investors should carefully consider their investment strategy and the risks involved.

Stay tuned for our comprehensive coverage of Palantir Technologies’ Q3 earnings release, including a detailed analysis of the results and expert commentary.