The 8:30 discussion covers Palantir (PLTR) ahead of its third-quarter report, with guidance for a $2.18 billion quarter and 80% revenue growth for the full year. Panelists called the valuation very high at about 60 times 2026 revenue estimates, while RBC described it as the most expensive AI SaaS stock in its coverage at 61 times 2026 revenue, compared with roughly 15 to 16 times sales for SpaceX and Tesla. JPMorgan's Brian Essex initiated coverage with an Overweight rating and a December 2027 price target of $262 per share, arguing Palantir is helping enterprises move from AI experiments to operational returns and expanding into sovereign AI.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
PalantirJPMorganvaluationartificial intelligence
Open a keyword to see other news on the same topic.
Related news
- JPMorgan starts Palantir at Overweight, calls it a disruptive AI leader
JPMorgan initiated coverage of Palantir Technologies with an Overweight rating and a December 2027 price target of $262 per share, adding the stock to its Analyst Focus List. Analyst Brian Essex wrote that enterprises are moving from deploying AI to seeking returns on it, and that Palantir is already delivering ROI, with revenue growth accelerating for the 12th straight quarter to 93% year over year. Non-GAAP operating margin reached 62% and free cash flow grew 126% last quarter. JPMorgan said the $262 target equals 55 times its 2028 EV/free cash flow estimate on $11.7 billion of free cash flow, and forecasts three-year free cash flow growth of 77% through 2028. The bank also placed Palantir on Positive Catalyst Watch ahead of its Nov. 2 earnings report.
- Why J.P. Morgan Believes Palantir Stock Is Just Getting Going After a Lackluster 2026
- Is Palantir Stock a Buy After its Latest Earnings Report?
Palantir shares fell more than 5% after the third-quarter report and are now 16% below their all-time high, as investors worried that total contract value (TCV) rose just 6% year over year after a 49% jump in the second quarter. Third-quarter revenue reached $2.31 billion, up 96%, with U.S. commercial revenue rising 148% to $984 million, and for the first time it exceeded U.S. government revenue. TCV reached $2.92 billion; CFO Dave Glazer said several large contracts were shorter than usual as customers began adopting its Sovereign AI capabilities, and the company expects these agreements to grow in size and duration. Total remaining deal value rose 55% to $13.4 billion, and the company raised its full-year revenue guidance to about 91% growth. The author says the valuation remains high at 108x forward P/E and 51x forward price-to-sales, but still holds the shares and sees the long-term opportunity as larger than any single year's price target.
- Why Palantir Technologies Stock Crashed Today
Palantir Technologies (PLTR) fell as much as 7.3% early in the session despite a quarterly report that beat analyst estimates; at 11:32 a.m. ET it was down 3.5%. Third-quarter revenue hit a record $2.3 billion, up 96% year over year, and EPS of $0.44 compared with a consensus of $0.41. U.S. commercial revenue rose 148% to $984 million and became the company's largest growth driver for the first time, ahead of U.S. government revenue of $953 million. Management raised its full-year 2026 revenue forecast to roughly $8.53 billion, up 91%. However, total contract value grew only 6% year over year, down from 49% in Q2, and the stock trades at 147 times earnings, which fueled concerns that growth may be moderating.
- Palantir's U.S. Revenue Soars 119% as Commercial Revenue Surpasses Government Revenue for the First Time. Here's Why Its Growth Is Still Surging, Even as Other AI Stocks Falter
Palantir reported Q3 revenue of $2.3 billion, up 96% year over year and its fastest growth on record, with EPS of $0.44, up 144%, beating consensus estimates of $2.2 billion and $0.41. U.S. commercial revenue rose 148% to $984 million, surpassing U.S. government revenue of $953 million for the first time. Management raised full-year revenue growth guidance to roughly 91% from 82%. The article notes the stock trades at 125 times earnings with a PEG ratio of 0.53, and the author views the outlook positively while cautioning that the premium valuation could lead to a swift and severe rerating if results fall short.
- Prediction: 3 Stocks That Will Be Worth More Than Palantir 5 Years From Now
The article argues that Celestica, CrowdStrike and AppLovin could surpass Palantir's market cap of around USD 445 billion within five years. Celestica could benefit from AI data center networking, cooling and rack hardware, with third-quarter revenue up 83% and 90% revenue growth guided for 2027; it would need to grow its market cap 13-fold to match Palantir. CrowdStrike, with annual recurring revenue (ARR) of around USD 5.8 billion, up 25%, could become a security layer against AI-related threats, requiring about 1.8-fold market cap growth. AppLovin reported second-quarter 2026 revenue growth of 53% and net income growth of 55%, but would need about a 5.5-fold increase in market cap. The author concludes CrowdStrike looks best placed to equal Palantir, while noting risks such as intense competition, a possible slowdown in AI spending and security incidents.
Related markets
Latest news
- SpaceX Could Match Google’s 27-Year Data Center Buildout In 18 Months, Outpace Even Chinese Rivals: SemiAnalysis
SemiAnalysis says SpaceX (SPCX) could build data center capacity matching Google's nearly three-decade buildout in just 18 months, reaching 13 GW by 2027 after raising its target from 10 GW. The firm has identified more than 9 GW of sites, including 3.6 GW under construction, and says SpaceX's build times of about five months at MiniHard and a targeted four months at Gun Range are far faster than the typical 8–12 months. However, it flags a possible power shortfall above 300 MW at Colossus 2, as tracked generation capacity of more than 8 GW falls short of over 9 GW of planned data center capacity. SpaceX's AI business includes Anthropic's May agreement to use all of Colossus 1's capacity and Google's access to about 110,000 GPUs, with a combined annual contract value of $26 billion. SPCX rose nearly 4% to $141.31 on Tuesday, its second straight gain, though it is down 12% year to date.
- Microsoft (MSFT) Deepens Enterprise AI Networking Partnership
Microsoft and Lumen Technologies expanded their co-selling agreement to focus on AI-ready cloud networking for enterprises. The collaboration targets large organizations running distributed AI workloads on Microsoft Azure, with integrated connectivity, security and data services, while Lumen will align its network and security offerings with Azure for unified governance of enterprise AI agents and applications. The article notes the deal supports Azure's role as a home for distributed AI projects, but rival alliances from Amazon or Google could still compete for those workloads, and pressure on utilisation, margins and regulatory scrutiny remains.
- 1Finity, a Fujitsu Company, Announces Availability of Full-Stack Enterprise AI-Native vRAN Solution
1Finity, a Fujitsu company, announced availability of a full-stack AI-Native vRAN solution that helps mobile network operators earn revenue from AI services and deliver private wireless networks to enterprises. The stack combines 1Finity's open vRAN software and O-RAN compliant radio units, AI servers from QCT and Supermicro running NVIDIA AI Aerial, Aible's no-code platform for building and operating AI agents, and Armada's Bridge for multi-tenant orchestration, security and billing. At its core is shared NVIDIA GPU infrastructure supporting both AI and RAN workloads, which the companies say improves resource utilization, lowers costs and speeds time to market compared with separate compute environments.
- Russia Warns of a “Bad Winter” and a Painful Paradox in Europe
Gazprom CEO Aleksey Miller warned that European gas prices could double and exceed $2,500 per 1,000 cubic meters, citing record-low storage levels. European underground gas storage is only about 74% full, the lowest since 2009 and well below the five-year seasonal average of 86%, while Germany stands at about 61.6%. Equinor CEO Anders Opedal also acknowledged storage is at its lowest seasonal level since 2011, and wholesale gas prices hit a near four-year high above 108 USD/MWh in late October. Household gas prices in Germany rose 55% this year, and some fertilizer, chemical and steel producers have cut output, while energy majors such as Shell posted profits of $12.1 billion from July to September 2026. Brussels is pressing ahead with bans on Russian gas, with long-term LNG contracts prohibited from January 2027 and pipeline contracts expected to end in late 2027.
- How much does Doji 9999 gold cost per tael today, November 4, 2026?
As of 7 a.m. on November 4, 2026, Doji listed SJC gold bars at 13.76 to 14.06 million VND per tael (buy-sell), down 60,000 VND per tael on both sides from the previous morning. Doji's Hưng Thịnh Vượng 9999 round gold rings traded at 13.55 to 13.95 million VND per tael (buy-sell). The article notes that the prices are for reference only and may change during the day.
- THE KOREA INDUSTRY DAILY: ROBOTWORLD 2026 to Spotlight Physical AI and AI-Driven Manufacturing With 402 Exhibitors From 17 Countries
ROBOTWORLD 2026 runs November 4 to 7 at KINTEX in Goyang, South Korea, with 402 companies from 17 countries across 1,198 booths, focusing on Physical AI and AI-driven manufacturing. The accompanying conference features 36 sessions on November 4 and 5 covering manufacturing, humanoid robots and mobility. According to the International Federation of Robotics, global industrial robot installations hit a record 603,307 units in 2025, up 11%, with Asia accounting for 76% (457,315 units). Korean firms Rainbow Robotics, Neuromeka and Samhyun will show humanoid robots, control technology and an autonomous transport robot with payloads of up to 3 metric tons. Business programs include export matchmaking on November 4 to 6, a market-entry seminar on November 5 and Global Scale-up Day on November 6 for SMEs and startups.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.