Overview
- Shares neared $200 this week, setting fresh highs and extending a multiyear run that has lifted Palantir’s market value to roughly $450–$470 billion.
- Palantir announced new alliances with Nvidia and Snowflake, and Bloomberg reported Lumen plans to spend about $200 million on Palantir software over several years.
- The company will report third‑quarter results after the close on Nov. 3, with Wall Street expecting about $1.09 billion in revenue and roughly $0.15–$0.17 in adjusted EPS.
- Citi raised its target to $190 with a Neutral rating, Wedbush reiterated a $200 bull case, and RBC kept Underperform at $45, underscoring a wide split on valuation risk.
- Recent wins include an Army agreement reported up to $10 billion and a higher ceiling on the Maven program to $1.3 billion, adding to momentum from rapid U.S. commercial growth.