Palantir (PLTR) reports third-quarter results after the close on Monday, Nov. 2, with Oppenheimer expecting a revenue beat and annual guidance raise, and J.P. Morgan initiating at Overweight with a $262 target for December 2027. Josh Brown said Palantir trades at 150 times, a figure close to its multiple on past reported earnings, while its forward P/E has climbed to 103x from 74x at the end of June. The article notes that 2026 consensus revenue of $8.22 billion is already above the top of Palantir's guidance range of $8.150 billion to $8.158 billion, so a routine raise may not move estimates much. It argues the fourth-quarter guidance is the key number, since the current outlook implies roughly $2.4 billion in Q4 revenue and must lift 2027 estimates, currently $12.4 billion in revenue and $2.35 in EPS, for the stock to grow into its multiple.
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