Palantir Technologies (PLTR) is set to report its second-quarter 2026 results on August 3. Year-to-date, PLTR stock is down about 30% as investors worry about its high valuation and rising competition from new AI models. Looking ahead, Wall Street expects Palantir to report Q2 revenue of $1.81 billion, up 81% year over year. Earnings per share are expected to increase to $0.34 from $0.16 a year earlier. Here’s why analysts remain bullish on PLTR stock ahead of the earnings report.
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Latest Analysts’ Views on PLTR Stock
Heading into earnings, analysts are bullish on PLTR and have reiterated their Buy ratings.
Recently, five-star-rated analyst Martin Yang at Oppenheimer reiterated his Buy rating on PLTR stock and maintained a $200 price target, implying more than 60% upside. Yang expects Palantir to deliver about 85% year-over-year revenue growth in the second quarter, above the company’s midpoint guidance of 79%. He also expects management to raise its full-year revenue growth forecast to more than 75%, up from the current 71%.
Moreover, Oppenheimer’s checks suggest Palantir is seeing strong growth across multiple branches of the U.S. military and combat commands.
Before Yang, Citi’s Tyler Radke reaffirmed his Buy rating but reduced his price target from $225 to $200. Despite the target cut, Radke expects Palantir’s U.S. commercial business to rebound in the second quarter after an unexpected slowdown in Q1.
Meanwhile, DA Davidson’s analyst Gil Luria also kept his Buy rating on PLTR stock ahead of Q2 earnings. Earlier this month, Luria upgraded the stock from Hold to Buy, saying Palantir has “grown into its valuation” as improving profits have made the stock more reasonably priced. He also believes the broader AI market is becoming a tailwind for Palantir.
Who Are the Best Analysts Covering PLTR Stock?
Five-star-rated analyst Daniel Ives at Wedbush is the most accurate analyst covering PLTR over the past three months. He has a success rate of 62% and an average return of 22.77% per trade. On TipRanks, Ives is ranked #526 out of more than 12,000 analysts tracked. Ives has a Buy rating on PLTR with a price target of $320, implying over 85% upside.
Similarly, BofA’s Mariana Perez Mora is the most accurate analyst covering PLTR over the past two years. She has a success rate of 67% and an average return of 129.47% per trade over the past year. On TipRanks, Mora is ranked #419 out of more than 12,000 analysts tracked. Earlier this week, she reiterated her Buy rating on PLTR stock. Mora believes Palantir’s Artificial Intelligence Platform (AIP) will see wider adoption as more businesses roll out AI across their operations, supporting further growth in the company’s commercial business.
Ives and Mora also stand out as the most profitable analysts covering PLTR stock over the timeframes of three months, one year, and two years.
What Is the Price Target of PLTR Stock?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on Palantir stock based on 15 Buys, four Holds, and two Sells assigned in the past three months. The average PLTR price target of $181.24 per share implies 47.35% upside potential.
