Palantir Technologies Inc., a Denver-based company, is set to release its third-quarter earnings results after the closing bell on Monday, November 4. Analysts are anticipating positive results, with expectations of quarterly earnings at 9 cents per share, up from 7 cents per share in the same period last year. The company is projected to report revenue of $701.13 million for the quarter, according to data from Benzinga Pro.
In a recent announcement, Palantir Technologies revealed a strategic partnership with L3Harris Technologies Inc. The collaboration aims to combine Palantir’s Artificial Intelligence Platform with L3Harris’ sensor and software-defined systems, with a focus on supporting U.S. Army programs and enhancing capabilities in AI-driven defense technology. The partnership aims to improve situational awareness and target identification.
Palantir Technologies’ shares closed at $41.92 on Friday, reflecting a 0.9% gain. Analysts have been closely monitoring the company’s performance, and several have provided their ratings and price targets. Mizuho analyst Matthew Broome maintained an Underperform rating and raised the price target from $24 to $30 on October 17. Wedbush analyst Daniel Ives maintained an Outperform rating and increased the price target from $38 to $45 on September 26. Raymond James analyst Brian Gesuale downgraded the stock from Outperform to Market Perform on September 23. B of A Securities analyst Mariana Perez maintained a Buy rating and raised the price target from $30 to $50 on September 10. Northland Capital Markets analyst Michael Latimore initiated coverage on the stock with a Market Perform rating and a price target of $35 on August 22.
Investors considering buying PLTR stock can refer to the analysts’ opinions mentioned above. For more detailed analyst ratings, readers can access the latest information on the Analyst Stock Ratings page provided by Benzinga.
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