What Analysts Think of Palantir Stock Ahead of Earnings
Key Takeaways
Palantir (
PLTR
) is scheduled to report quarterly results after the bell Monday, with analysts largely taking a wait-and-see approach on the
artificial intelligence
software firm.
Of the 12
analysts
covering the stock who are tracked by Visible Alpha, just one has Palantir rated “buy,” compared with eight “hold” and three “sell”
ratings
. The stock has an average price target of nearly $88, well off Friday’s close above $124.
The Street expects Palantir to report revenue of $862.3 million, up 36%
year-over-year
, and adjusted earnings of $324.8 million, or 13 cents per share, up from $196.9 million, or 8 cents per share.
NATO Acquires Company’s AI-Enabled Military System
The results are due after the
North Atlantic Treaty Organization
last month said it
acquired Palantir’s
AI-enabled military system. The deal with the Brussels-based military alliance helped
ease investor concerns
that Europe may rely less on American defense contractors amid an uncertain trade outlook.
Shares of Palantir are up about 64% so far this year as of Friday’s close and some 450% over the past 12 months.
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