---
title: "Palantir Stocks Decline 4.94% Before an 11.7% Sequential Revenue Growth Test"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/303795899.md"
description: "Palantir shares fell 4.94% to $186.72 ahead of its November 2 earnings report, despite JPMorgan initiating Overweight coverage with a $262 target. The company faces a significant hurdle, needing to deliver approximately 11.7% sequential revenue growth to meet guidance of $2.160-$2.164 billion. High valuation metrics, including a P/E ratio of 159.05, underscore substantial investor expectations for the upcoming results."
datetime: "2026-10-30T19:13:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/303795899.md)
  - [en](https://longbridge.com/en/news/303795899.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/303795899.md)
generator: "portal-rs"
---

# Palantir Stocks Decline 4.94% Before an 11.7% Sequential Revenue Growth Test

Palantir , which supplies AI software to businesses and government agencies, faces a demanding earnings hurdle. Shares declined 4.94% to $186.72 at 11:25 am ET on October 30, despite fresh brokerage backing. JPMorgan initiated Overweight coverage with a $262 target on October 29, according to AD HOC NEWS. The next test arrives November 2, when Palantir reports after the U.S. close.

The numbers leave little room to coast. Palantir's August guidance called for September-quarter revenue of $2.160 billion$2.164 billion and adjusted operating income of $1.292 billion$1.296 billion. Against approximately $1.935 billion in preceding-quarter revenue, that midpoint demands roughly 11.7% sequential growth. The operating-income midpoint also implies an adjusted operating margin near 60%, giving investors two clear benchmarks to check.

The valuation raises the stakes. GuruFocus shows a GF Score of 84 out of 100, with growth and momentum standing out, but a price-to-earnings ratio of 159.05 and price-to-book ratio of 45.88 suggest substantial expectations remain embedded in the price. Delivering the revenue target could reinforce the expansion story; sustaining that valuation may require another convincing outlook. The $262 target offers an optimistic reference point, but revenue, margins and forward guidance will give investors firmer ground.

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- [Palantir Set to Report Earnings as Alex Karp Says Business Is ‘Compounding’ Like Never Before: Polymarket Bets on a Beat](https://longbridge.com/en/news/303924240.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**