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Palantir's revenue nearly doubled but stock fell; price target still suggests 17.6% upside.

06 Nov 2026, 18:03 WIB
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Palantir's revenue nearly doubled but stock fell; price target still suggests 17.6% upside.

Palantir reported its fastest revenue growth ever, with Q3 revenue up 95.87% year over year to $2.313 billion, beating estimates. Despite this, the stock price dropped, partly due to concerns over slower contract value growth and shorter contract durations. Analysts remain optimistic, with a consensus price target around $210-$213, expecting further upside if Palantir converts trials into larger deals. The company’s strong net dollar retention and raised full-year guidance support a bullish outlook, though high valuation multiples and stock-based compensation remain risks.

Palantir Technologies Inc trades at USD 160.33 on Pluang as of Nov 06, 2026 23:21 WIB, up 3.45% in one day. The stock's 52-week high is USD 209.05, with a market cap of $373.45B. Despite recent revenue growth news, Pluang order activity shows 72% selling and 28% buying interest.

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