Palantir Technologies Inc. (NYSE:PLTR) will release earnings results for its third quarter, after the closing bell on Monday, Nov. 4.
Analysts expect the Denver, Colorado-based company to report quarterly earnings at 9 cents per share, up from 7 cents per share in the year-ago period. Palantir Technologies projects to report revenue of $701.13 million for the quarter, according to data from Benzinga Pro.
The company recently announced a strategic partnership with L3Harris Technologies Inc. (NYSE:LHX) to combine Palantir's Artificial Intelligence Platform with L3Harris' sensor and software-defined systems. The collaboration aims to support U.S. Army programs and expand capabilities in AI-driven defense technology, enhancing situational awareness and target identification.
Palantir Technologies shares gained 0.9% to close at $41.92 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Mizuho analyst Matthew Broome maintained an Underperform rating and raised the price target from $24 to $30 on Oct. 17.
- Wedbush analyst Daniel Ives maintained an Outperform rating and increased the price target from $38 to $45 on Sept. 26.
- Raymond James analyst Brian Gesuale downgraded the stock from Outperform to Market Perform on Sept. 23.
- B of A Securities analyst Mariana Perez maintained a Buy rating and raised the price target from $30 to $50 on Sept. 10.
- Northland Capital Markets analyst Michael Latimore initiated coverage on the stock with a Market Perform rating and a price target of $35 on Aug. 22.
Considering buying PLTR stock? Here's what analysts think:
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