PLTR Today's stock price: Oppenheimer says Palantir The US business is expected to achieve growth of over 140% before the financial report.
Before Palantir announces its third-quarter results on November 2, Oppenheimer raised the company's target price from $200 to $235 and maintained a "outperform the market" rating.
The institution expects that Palantir will once again exceed revenue expectations and raise its full-year performance forecast. Among them, commercial revenue in the United States is expected to grow by more than 140%, and government revenue is expected to grow by more than 65%.
Oberheimer stated that his research with clients indicates strong demand, but he also pointed out that project deployment requires effort, and clients need to see new value when renewing their contracts.
Previously, Rosenblatt recently raised the target price of Palantir to $260, and JPMorgan Chase has also started covering the stock, giving it a 'overweight' rating.
In the second quarter, Palantir's US business revenue increased by 149% year-on-year to $764 million; total revenue grew by 92.8%.
In terms of valuation, Palantir has a price-earnings ratio of approximately 156.6 times over the past 12 months, whereas the S&P 500 index has a price-earnings ratio of 22.6 times. Option pricing indicates that the implied volatility for this stock after the earnings announcement is 11.65%.
Author: Anjali Belgaumkar; Source: Coinpedia
