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What Analysts Think of Palantir Stock Ahead of Earnings
Key Takeaways
Palantir ( PLTR ) is scheduled to report quarterly results after the bell Monday, with analysts largely taking a wait-and-see approach on the artificial intelligence software firm.
Of the 12 analysts covering the stock who are tracked by Visible Alpha, just one has Palantir rated "buy," compared with eight "hold" and three "sell" ratings . The stock has an average price target of nearly $88, well off Friday's close above $124.
The Street expects Palantir to report revenue of $862.3 million, up 36% year-over-year , and adjusted earnings of $324.8 million, or 13 cents per share, up from $196.9 million, or 8 cents per share.
NATO Acquires Company's AI-Enabled Military System
The results are due after the North Atlantic Treaty Organization last month said it acquired Palantir's AI-enabled military system. The deal with the Brussels-based military alliance helped ease investor concerns that Europe may rely less on American defense contractors amid an uncertain trade outlook.
Shares of Palantir are up about 64% so far this year as of Friday's close and some 450% over the past 12 months.
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