Palantir (PLTR) shares fell about 5% in morning trade, even as several analysts raised their price targets after third-quarter results. Revenue rose 96% year over year to $2.31 billion, beating expectations of $2.17 billion, and the company raised its full-year revenue forecast to $8.53 billion from about $8.15 billion. The main concern was total contract value (TCV), which grew only 6% to $2.92 billion, sharply down from 49% growth in the second quarter, with analysts linking the slowdown to shorter contracts. Citi raised its target to $265 and kept a 'Buy' rating, while Jefferies held its $80 target with an 'Underperform' rating and said Microsoft (MSFT), Oracle (ORCL) and Snowflake (SNOW) offer more compelling risk and reward. On Stocktwits, retail sentiment flipped to 'bullish' and message volume rose over 1,100% in 24 hours.
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Palantirearningsartificial intelligenceMSFT
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Related tickers and likely impact
MSFT
▲ Likely positiveMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 11/02/2026 | 507.12 |
| Change that session | -2.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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