Rosenblatt lifts Palantir price target to $260 ahead of Q3 earnings
Rosenblatt Securities raised its price target on Palantir Technologies to $260, up from $225, and kept a Buy rating. The firm said the target reflects expected strong growth from enterprise AI deployments and a large addressable market. Analysts expect Palantir to post roughly 100% earnings growth and more than 80% revenue expansion in the third quarter, which is scheduled for November 2. The note also notes the stock has risen about 12% year‑to‑date.
Why it matters
The higher target implies roughly 31% upside from the current price, which could attract additional buying pressure before the earnings release. Investors will watch the upcoming Q3 results to see if the projected earnings and revenue growth materialize.
Key facts
- 1Rosenblatt raised its price target on Palantir to $260 from $225. cnbc.com
- 2The new target implies about 31% upside from the Monday close. cnbc.com
- 3Rosenblatt’s note cites expected earnings growth of nearly 100% year‑over‑year. cnbc.com
- 4Rosenblatt expects revenue to expand by more than 80% year‑over‑year. cnbc.com
- 5Palantir reported 93% year‑over‑year revenue growth for the latest quarter. finance.yahoo.com
- 6Q3 earnings are scheduled for November 2. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.