--- title: "Palantir Stock Trends Higher Ahead of Earnings: What's Happening?" type: "News" locale: "en" url: "https://longbridge.com/en/news/303985099.md" description: "Palantir Technologies (PLTR) shares are rising ahead of its third-quarter earnings report due after market close. Investors anticipate a profit of 41 cents per share and $2.18 billion in revenue, exceeding the company's guidance. Analysts maintain a 'Buy' consensus with an average price target of $236.07, supported by recent upgrades from JPMorgan and Oppenheimer. The stock trades near recent highs, reflecting optimism about strong government and commercial sales growth reported in the previous quarter." datetime: "2026-11-02T15:32:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303985099.md) - [en](https://longbridge.com/en/news/303985099.md) - [zh-HK](https://longbridge.com/zh-HK/news/303985099.md) generator: "portal-rs" --- # Palantir Stock Trends Higher Ahead of Earnings: What's Happening? **Palantir Technologies Inc**. (NASDAQ:PLTR) shares are rising Monday as investors wait for its third-quarter earnings report, due after the market closes. - Palantir Technologies stock is trading near recent highs. What’s ahead for PLTR stock? ## Palantir Stock Holds Steady Ahead of Earnings Palantir shares are climbing Monday, a few hours before the company reports third-quarter results. Wall Street projects a 41-cent profit per share and $2.18 billion in revenue, according to Benzinga Pro. Recent price-target increases and a new Overweight rating may be helping lift the stock. The last report gives the baseline. Palantir’s second-quarter revenue reached $1.94 billion, topping the $1.80 billion analysts expected, and adjusted profit came to 41 cents a share, beating a 35-cent forecast. Total revenue grew 93% from a year earlier. Government sales in the U.S. rose 90% to $809 million, and commercial sales in the U.S. jumped 149% to $764 million. CEO **Alex Karp** called the quarter “otherworldly.” By the end of June, Palantir held about $9.2 billion in cash and short-term Treasuries. The quarter also brought $1.22 billion of operating cash flow and 220 contracts worth more than $1 million each. ## What a Beat or Miss Would Mean for Palantir Palantir told investors to expect third-quarter revenue between $2.16 billion and $2.164 billion, and it raised its 2026 revenue outlook to between $8.15 billion and $8.16 billion. Analysts are asking for more. Their $2.18 billion estimate sits about $16 million above the top of the guided range, so they expect Palantir to beat its own forecast. Results above the estimates would show demand still outrunning guidance and would support the raised full-year outlook. Results below them would count as a miss, even if they land inside or just above guidance. A shortfall could also raise questions about U.S. commercial growth, which the company guided to at least 134% for the year. The 41-cent profit estimate matches last quarter’s result, so earnings need to hold that level. ## Analysts Back Palantir Before the Report The average Wall Street rating on Palantir is Buy, and the average target is $236.07. JPMorgan started coverage on Oct. 29 with an Overweight rating and a $262 target. Oppenheimer kept its Outperform rating the same day and lifted its target to $235. On Monday, Cantor Fitzgerald raised its target to $207 while staying at Neutral. ## PLTR Shares Are Moving Higher **PLTR Price Action:** Palantir shares were up 1.53% at $186.93 at the time of publication on Monday, according to Benzinga Pro. **Read Also: AMD, Micron Selloff Is 'Just the Beginning,' Tom Sosnoff Says** *Image: PJ McDonnell/Shutterstock* ### Related Stocks - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [PLA.US](https://longbridge.com/en/quote/PLA.US.md) - [PLIB.US](https://longbridge.com/en/quote/PLIB.US.md) - [PLOO.US](https://longbridge.com/en/quote/PLOO.US.md) - [PLT.US](https://longbridge.com/en/quote/PLT.US.md) - [PLTA.US](https://longbridge.com/en/quote/PLTA.US.md) - [PLTD.US](https://longbridge.com/en/quote/PLTD.US.md) - [PLTG.US](https://longbridge.com/en/quote/PLTG.US.md) - [PLTL.US](https://longbridge.com/en/quote/PLTL.US.md) - [PLTU.US](https://longbridge.com/en/quote/PLTU.US.md) - [PLTW.US](https://longbridge.com/en/quote/PLTW.US.md) - [PLTY.US](https://longbridge.com/en/quote/PLTY.US.md) - [PLTZ.US](https://longbridge.com/en/quote/PLTZ.US.md) - [PLYY.US](https://longbridge.com/en/quote/PLYY.US.md) - [PTIR.US](https://longbridge.com/en/quote/PTIR.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) ## Related News & Research - [Palantir Technologies (PLTR) to report earnings tomorrow: here is what to expect](https://longbridge.com/en/news/303844747.md) - [Palantir Technologies (NASDAQ:PLTR) Stock Picked Up by Analysts at JPMorgan Chase & Co.](https://longbridge.com/en/news/303551906.md) - [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) - [Palantir Technologies Inc. $PLTR Shares Newly Acquired by Blueprint Investment Partners LLC](https://longbridge.com/en/news/303694860.md) - [Palantir Technologies Inc. $PLTR Stock Holdings Lowered by Traynor Capital Management Inc.](https://longbridge.com/en/news/303959229.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**