Overview
- Palantir beat third-quarter expectations and raised full-year guidance, highlighting accelerating adoption of its AI software.
- Shares fell roughly 6% to 8% following the report as traders reassessed the stock’s premium pricing.
- Wedbush’s Daniel Ives set a Street-high $230 price target and described the company as a potential trillion‑dollar story powered by AIP.
- Jim Cramer cautioned that the stock needs to cool off to let results catch up to its market capitalization.
- The company’s forward earnings multiple sits far above peers after a year-to-date surge of about 148%, with demand tied to AIP along with Foundry and Gotham in commercial and government markets.