Key Takeaways
- Palantir Technologies will report third-quarter earnings after the closing bell Monday, with analysts more bearish than bullish on whether the company's stock can sustain its recent momentum.
- Of the 12 analysts covering Palantir tracked by Visible Alpha, only two expect the company's stock has further to rise.
- Palantir shares have more than doubled in value so far this year, as demand for its Artificial Intelligence Platform surged.
Palantir Technologies (PLTR) will report third-quarter earnings after the market closes on Monday, with analysts more bearish than bullish on whether the analytics software provider's stock can sustain its recent momentum.
Of the 12 analysts covering Palantir tracked by Visible Alpha, only two expect the company's stock has further to rise. Their price targets range from $16 to $50, with an average of $27.55 implying a 34% drop from Friday's closing price of $41.92.
The gloomy projections come amid concerns about w🦋hether the stock can keep up the pace of recent gains on the back of strong demand for the company’s Artificial Int⭕elligence Platform.
Palantir reported 澳洲幸运5官方开奖结果体彩网:better-than-expected results for the second quarter and lifted its full-year guidance as sales surged 27% year-over-year. Consensus estimates call for Palantir to report third-quarter revenue growth of 26% to $704.9 million, and 澳洲幸运5官方开奖结果体彩网:earnings per share of 5 cents, up from 3 cents per sha♔re a year🌌 earlier.
The stock has climbed almost 40% since early September, when S&P Global announced Palantir would 澳洲幸运5官方开奖结果体彩网:join the S&P 500 later that month,൲ and more than doubled in value sin🔯ce the start of the year.