Oppenheimer has raised its price target on Palantir to $235 from $200 and kept an Outperform rating before the company reports third-quarter results on November 2. The firm expects Palantir to beat revenue forecasts again and lift its full-year outlook, with US commercial revenue growing more than 140% and government revenue up over 65%. Its checks with customers point to strong demand, though it flagged that deployments take effort and clients need to see new value at renewal. Rosenblatt recently raised its target to $260, and JPMorgan started coverage at Overweight. In the second quarter, US commercial revenue jumped 149% to $764 million and total revenue rose 92.8%. Palantir trades at about 156.6 times trailing earnings, against 22.6 times for the S&P 500, and options pricing implies an 11.65% swing after results.

Was this writing helpful?

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.