Denver, Colorado-based Palantir Technologies Inc. (PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations. It provides software platforms that offer identification of hidden patterns, deployment of software in different environments, and more. With a market cap of $181.7 billion, Palantir's operations span North America, the U.K. and internationally.
The tech giant has significantly outperformed the broader market over the past year. PLTR stock has soared 366.7% over the past 52 weeks, compared to the S&P 500 Index’s ($SPX) 22.6% gains during the same time frame. While in 2025, PLTR’s stock has surged 5.5%, outpacing SPX’s 2.7% increase on a YTD basis.
Narrowing the focus, Palantir also outperformed the industry-focused SPDR S&P Software & Services ETF’s (XSW) 2.6% gains in 2025 and 26.6% returns over the past 52-week period.
On Nov. 4, PLTR reported its Q3 results, and its shares closed up more than 23% in the following trading session. Driven by solid business momentum its revenues for the quarter surged 30% year-over-year to $725.5 million, beating the Street's expectations of $703.7 million by a substantial margin. Furthermore, its adjusted EPS increased by an impressive 42.9% year-over-year to $0.10, exceeding the analysts' estimates by 11.1%.
For the fiscal 2024 ended in December, analysts expect PLTR’s adjusted EPS to surge 137.5% year-over-year to $0.19. Palantir's earnings surprise history is mixed. While the company beat or matched the consensus estimates twice over the past four quarters it missed the forecast on two other occasions.
Among the 18 analysts covering PLTR stock, the consensus rating is a “Hold.” That’s based on two “Strong Buys,” nine “Holds,” two “Moderate Sells,” and five “Strong Sells” ratings.
This configuration has been mostly stable over the past three months.
On Jan. 30, Jefferies analyst Brent Thill reiterated a “Sell” rating with a price target of $28, implying a 64.9% downside from current levels.
While PLTR is trading above its mean price target of $47.29, the Street-high target of $90 suggests a 12.8% upside potential from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.More news from Barchart
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