Northland Securities Has Optimistic View of PLTR Q3 Earnings

Key Points

• Northland Securities raised its Q3 2026 EPS estimate for Palantir to $0.30, up from $0.27, and projected $0.35 EPS for Q4 2026. The revision follows Palantir’s strong latest quarter, which beat expectations with $0.41 EPS and $1.94 billion in revenue.
• Palantir’s revenue increased 92.8% year over year, driven by strong commercial and government demand, while analysts broadly maintain a positive outlook. The stock has a “Moderate Buy” consensus rating and an average price target of $190.73.
• Valuation remains a key risk: shares trade at a P/E ratio above 135, requiring continued exceptional growth to justify the price. Recent insider selling and some cautious analyst views add to the concerns despite the earnings momentum.

Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) - Equities research analysts at Northland Securities raised their Q3 2026 earnings per share (EPS) estimates for Palantir Technologies in a report issued on Tuesday, August 4th. Northland Securities analyst M. Latimore now forecasts that the company will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.27. The consensus estimate for Palantir Technologies' current full-year earnings is $1.19 per share. Northland Securities also issued estimates for Palantir Technologies' Q4 2026 earnings at $0.35 EPS, Q1 2027 earnings at $0.31 EPS and Q3 2027 earnings at $0.40 EPS.

A number of other equities research analysts have also recently commented on PLTR. DA Davidson increased their price target on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Tuesday. BTIG Research cut Palantir Technologies to a "neutral" rating in a research report on Tuesday, June 16th. UBS Group upgraded Palantir Technologies from a "buy" rating to a "buy" rating in a research note on Tuesday, June 16th. Finally, HSBC lowered Palantir Technologies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $205.00 to $151.00 in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.73.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $158.43 on Thursday. The firm has a market cap of $379.81 billion, a P/E ratio of 135.41, a P/E/G ratio of 2.55 and a beta of 1.59. Palantir Technologies has a fifty-two week low of $106.37 and a fifty-two week high of $207.52. The firm has a 50-day simple moving average of $131.20 and a two-hundred day simple moving average of $139.80.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the business posted $0.16 EPS. Palantir Technologies's revenue was up 92.8% compared to the same quarter last year.

Institutional Trading of Palantir Technologies

A number of hedge funds have recently bought and sold shares of PLTR. Basepoint Wealth LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $29,000. Ballast Advisors LLC bought a new stake in Palantir Technologies during the first quarter valued at approximately $29,000. Morton Brown Family Wealth LLC increased its holdings in Palantir Technologies by 250.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company's stock valued at $31,000 after buying an additional 125 shares during the last quarter. Cornerstone Financial Management LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at approximately $31,000. Finally, Clayton Financial Group LLC raised its position in Palantir Technologies by 500.0% in the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company's stock worth $32,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,662 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the sale, the insider directly owned 199,759 shares in the company, valued at approximately $27,175,214.36. The trade was a 8.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. The trade was a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,112,270 shares of company stock valued at $150,247,785 over the last quarter. 9.53% of the stock is owned by company insiders.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir reported second-quarter revenue of approximately $1.94 billion, up 93% year over year and ahead of the roughly $1.81 billion consensus estimate. Adjusted earnings per share of $0.41 also exceeded expectations of about $0.34. Palantir stock jumps after strong quarter
• Positive Sentiment: U.S. commercial revenue surged 149%, while government revenue rose 90%. Management raised its 2026 revenue, profit and cash-flow guidance, reinforcing the view that demand for Palantir’s AI and data-analytics platforms is accelerating. Palantir raises 2026 guidance
• Positive Sentiment: Analyst sentiment improved following the results. Piper Sandler reaffirmed an “Overweight” rating with a $230 target, while other firms, including Deutsche Bank and Northland, raised their targets. Increased call-option activity also indicates strong near-term trader interest. Piper Sandler rates Palantir Overweight
• Positive Sentiment: Coverage highlights accelerating adoption of Palantir’s Artificial Intelligence Platform, sovereign-AI positioning and new defense-related partnerships, including a deal with Mercury Systems to improve production and supply-chain efficiency. Palantir partners with Mercury Systems
• Neutral Sentiment: Cantor Fitzgerald raised its price target from $138 to $156 but maintained a “Neutral” rating, suggesting that much of the improved outlook may already be reflected in the stock. Cantor Fitzgerald analyst view
• Neutral Sentiment: The rally has caused substantial losses for short sellers and may encourage additional covering, potentially supporting momentum, although this is a trading factor rather than a change in Palantir’s fundamentals. Palantir short sellers
• Negative Sentiment: Valuation remains the principal risk. With a very high earnings multiple and a price-to-sales valuation described as roughly 42 times revenue, the stock requires continued exceptional growth and execution. Palantir valuation concerns
• Negative Sentiment: ARK Invest sold approximately $6.4 million of Palantir shares after the earnings-driven surge, and investor Michael Burry warned that Palantir and other AI leaders could eventually become overvalued “ghost towns.” ARK sells Palantir shares

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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