Palantir Technologies Inc. (NASDAQ:PLTR) shares are in the spotlight Tuesday, with earnings on deck, U.S. commercial growth and guidance in focus, recent analyst activity and a technical setup showing a bullish trend with cooling momentum all drawing attention.
Earnings Preview & History
Palantir is scheduled to report third-quarter earnings on Nov. 2 after the market closes. Analysts estimate earnings per share of 41 cents along with revenue of $2.18 billion. For the prior quarter, Palantir reported adjusted earnings per share of 41 cents, beating the consensus estimate of 35 cents. The company also posted revenue of $1.94 billion, beating the consensus estimate of $1.80 billion.
What to Watch: Commercial Growth, Guidance and Government Revenue
Investors will be closely tracking U.S. commercial revenue, which grew 149% from a year earlier to $764 million in the second quarter, with Palantir guiding to growth of at least 134% for the full year. Guidance will also be in focus. Palantir guided to third-quarter revenue of $2.160 billion to $2.164 billion and raised its full-year revenue growth outlook to 82%, after raising it in the first quarter too, so the question is whether it raises again.
U.S. government revenue, which rose 90% to $809 million in the second quarter, will be watched as well. Valuation will draw attention, since shares jumped 29.5% after the last report and sit near record valuation levels.
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price forecast of $210.87. Recent analyst moves include:
- Piper Sandler: Overweight (Raises Target to $231.00) (Oct. 23)
- Citigroup: Buy (Raises Target to $250.00) (Oct. 22)
- Mizuho: Outperform (Raises Target to $245.00) (Oct. 15)
Palantir is trading about 1.3% above its 20-day SMA ($196.08) and about 7.2% above its 50-day SMA ($185.25), which keeps the near-term trend pointed up even as the premarket quote slips. The bigger-picture trend is still constructive too, with price about 24.1% above the 100-day SMA ($160.12) and about 29.6% above the 200-day SMA ($153.26).
MACD is the cleaner momentum lens right now: it's below its signal line and the histogram is negative, which suggests upside pressure is cooling unless buyers can reassert control. In plain terms, when MACD sits below its signal line, it often means the prior upswing is losing steam and rallies can get sold sooner.
The trend backdrop remains bullish, helped by the golden cross that occurred in September (50-day SMA above the 200-day SMA), but the stock is also coming off a recent swing high in October. That combination often creates a "two-way" zone where bulls want to defend pullbacks, while shorts look for a failed rebound near resistance.
- Key Resistance: $213.00 - sits right at the 52-week high zone ($212.94), a spot where breakouts often need multiple tries
- Key Support: $184.50 - lines up near the 50-day SMA area ($185.25), a common dip-buying zone in uptrends
PLTR Price Action: At the time of publication, Palantir shares are trading 0.17% lower at $198.50, according to data from Benzinga Pro.