tech
February 2, 2026
Palantir is set to report earnings after the market close. What Wall Street expects
Global conflicts and a large U.S. defense budget could boost the beaten-down stock, analysts say.
TL;DR
- Palantir's stock has dropped 25% in the past three months, but remains up 81% over the past year.
- Analysts expect Q4 earnings of 23 cents per share on revenue of $1.329 billion.
- Growth has been fueled by government sales, particularly military contracts, and a rapidly expanding U.S. commercial business.
- Some analysts see the recent stock pullback as a buying opportunity, citing global geopolitical conflicts and defense budgets as catalysts.
- Analyst opinions are divided, with a majority holding 'hold' ratings, though the consensus price target suggests potential upside.
- Concerns exist regarding Palantir's high valuation relative to its profitability.
- William Blair upgraded Palantir to 'outperform', citing continued momentum and AI supply chain leadership.
- Citigroup upgraded shares to 'buy', expecting significant commercial business expansion and tailwinds in the Government sector.
- RBC Capital Markets maintains an 'underperform' rating, citing concerns about commercial client churn and unsustainable valuation.
- Truist Securities initiated coverage with a 'buy' rating, highlighting Palantir's financial profile and AI adoption opportunities.
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