Palantir Technologies (PLTR), an AI software company focused on data analytics, is set to report its third-quarter results after the market closes today, November 2. Traders are watching PLTR stock closely because the options market is pricing in a sharp reaction after the release. According to recent data, traders expect PLTR stock to move 13.32%, or about $24.53 per share, in either direction. Meanwhile, several analysts, including Brian Essex of JPMorgan and William Power of Baird, gave their Buy ratings on the stock last week.
Meanwhile, Palantir’s last four post-earnings moves averaged about 12.81% in absolute terms. The stock rose after two reports and fell after the other two. Its biggest move was a 29.45% gain after its August 2026 results, while shares dropped 7.94% after its November 2025 report.
It’s important to note that an options-implied move measures the expected magnitude of the stock’s move after earnings, not whether it will rise or fall.
PLTR Stock Price Performance
PLTR stock trended higher by over 1% in Monday’s pre-market trading. The stock has gained by about 10% year-to-date, supported by strong demand for its AI software and continued growth in its U.S. commercial business.
What Analysts Expect Today from PLTR
Wall Street expects earnings per share (EPS) of $0.41, compared with $0.21 in the prior quarter. Revenue is forecast to rise 84.7% to $2.18 billion, driven by demand for Palantir’s AI software.
Ahead of the earnings report, JPMorgan analyst Brian Essex initiated coverage of PLTR stock with a Buy rating and a $262 price target for December 2027. The 5-star analyst expects the stock to gain over 30% as large companies increasingly turn to Palantir’s AI software that can deliver strong returns. Essex also added PLTR to his Analyst Focus List.
Essex wrote, “Palantir is already delivering ROI by leveraging its platform to fundamentally transform the business operations of its customers, and growth is accelerating.” Essex also noted that Palantir’s valuation is reasonable given its strong growth and ability to generate profits.
Meanwhile, another 5-star analyst William Power of Baird reiterated an Outperform rating and a $250 price target. Power expects strong Q3 results, with revenue growth potentially accelerating for the 13th consecutive quarter. He sees upside from both the U.S. commercial and government businesses. He also expects Palantir’s estimates to keep rising as demand for its AI software grows. Power believes free cash flow could reach more than $9 billion in 2027, compared with his current estimate of $7.06 billion. He added that the stock’s valuation remains attractive given its growth outlook.
Is PLTR Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on PLTR stock based on 19 Buys, four Holds, and two Sells assigned in the past three months. Furthermore, the average PLTR price target of $218.95 per share implies about 19% upside potential. (See PLTR Stock Forecast).
