Q2 Earnings Estimate for PLTR Issued By Northland Securities

Key Points

• Northland Securities raised its Q2 2026 EPS estimate for Palantir to $0.25 from $0.22 and maintained an Outperform rating with a $190 price target. The firm also lifted its longer-term earnings forecasts for 2026 and 2027.
• Palantir’s latest earnings beat expectations, posting $0.33 EPS versus the $0.28 consensus and revenue of $1.63 billion versus the expected $1.54 billion. Revenue grew 84.7% year over year, highlighting strong business momentum.
• Wall Street sentiment remains broadly positive, with multiple analysts holding Buy or equivalent ratings and an average price target of $194.68. However, the stock’s elevated valuation and insider selling continue to be points of caution.

Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) - Stock analysts at Northland Securities increased their Q2 2026 earnings estimates for Palantir Technologies in a research report issued on Tuesday, May 5th. Northland Securities analyst M. Latimore now forecasts that the company will post earnings per share of $0.25 for the quarter, up from their previous forecast of $0.22. Northland Securities has a "Outperform" rating and a $190.00 price objective on the stock. The consensus estimate for Palantir Technologies' current full-year earnings is $1.18 per share. Northland Securities also issued estimates for Palantir Technologies' Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.08 EPS, Q1 2027 earnings at $0.30 EPS, Q2 2027 earnings at $0.32 EPS, Q3 2027 earnings at $0.36 EPS, Q4 2027 earnings at $0.40 EPS and FY2027 earnings at $1.39 EPS.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. Palantir Technologies's revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share.

Other research analysts have also issued research reports about the stock. DZ Bank assumed coverage on shares of Palantir Technologies in a research note on Thursday, April 23rd. They issued a "buy" rating and a $175.00 price objective for the company. Phillip Securities reduced their target price on shares of Palantir Technologies from $208.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, April 1st. Robert W. Baird raised shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 target price on the stock in a report on Tuesday, February 3rd. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, UBS Group raised their target price on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $194.68.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $137.80 on Monday. The firm has a market cap of $329.57 billion, a PE ratio of 154.83, a price-to-earnings-growth ratio of 2.19 and a beta of 1.52. The company has a 50-day moving average of $145.51 and a two-hundred day moving average of $161.59. Palantir Technologies has a 1-year low of $114.90 and a 1-year high of $207.52.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $860,507,475.24. The trade was a 7.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the transaction, the insider directly owned 43,108 shares in the company, valued at $5,564,380.64. The trade was a 2.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,029,479 shares of company stock valued at $137,685,797 in the last quarter. Company insiders own 9.53% of the company's stock.

Hedge Funds Weigh In On Palantir Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTR. Norges Bank purchased a new position in Palantir Technologies in the 4th quarter valued at $5,149,641,000. Jennison Associates LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter worth $1,574,111,000. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after purchasing an additional 8,168,604 shares in the last quarter. State Street Corp boosted its position in shares of Palantir Technologies by 7.2% during the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares in the last quarter. Finally, Cardano Risk Management B.V. boosted its position in shares of Palantir Technologies by 917.4% during the 4th quarter. Cardano Risk Management B.V. now owns 6,585,630 shares of the company's stock worth $1,170,596,000 after purchasing an additional 5,938,343 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir delivered record AI-driven revenue growth, with strong demand from both U.S. commercial customers and government clients, reinforcing the company’s AI growth story. Palantir Delivers Record AI-Driven Growth
• Positive Sentiment: Analysts continue to raise earnings estimates and some have reiterated or upgraded their ratings, suggesting Wall Street still sees upside in Palantir’s long-term growth trajectory. Wall Street Analysts Predict a 40.09% Upside in Palantir Technologies (PLTR): Here's What You Should Know
• Positive Sentiment: Palantir’s new U.S. Army interoperability hackathon partnership adds another credibility boost for its defense business and may support future government revenue. Palantir Joins U.S. Army and Industry Partners for "Right to Integrate" Hackathon Sprint for Defense-wide Interoperability
• Neutral Sentiment: Some commentary argues the stock’s post-earnings pullback is mainly a valuation reset rather than a deterioration in business quality, with investors weighing whether the AI growth rate justifies the premium. Palantir Just Crushed Earnings. So Why Is the Stock Down?
• Neutral Sentiment: Bearish takes from analysts and short-seller-style commentary are adding caution, but these arguments center on valuation and AI hype rather than any sign that Palantir’s business is weakening. Jefferies issues a stark warning for Palantir stock investors
• Negative Sentiment: Several reports say the stock is falling because Palantir’s valuation looks stretched after its huge run, and even strong results may not be enough to keep momentum going near term. Palantir Stock Shudders as Record 85% Growth Hits a Valuation Wall and Michael Burry Bets on a Total Collapse

About Palantir Technologies

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.