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RBC Capital maintains 'Sell' on Palantir, citing high valuation and declining contract revenue ahead of Q3 earnings.

Analyst Insights
28 Oct 2026, 17:19 WIB
Finbold
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Bearish
RBC Capital maintains 'Sell' on Palantir, citing high valuation and declining contract revenue ahead of Q3 earnings.

RBC Capital analyst Rishi Jaluria remains bearish on Palantir stock ahead of its Q3 earnings report, citing the stock's high valuation relative to 2026 and 2027 revenue estimates and a declining quarter-over-quarter contract revenue. Despite Palantir's strong cash position and ongoing government contracts amid geopolitical tensions, Jaluria warns that investor focus on dividends and buybacks could backfire. RBC Capital reiterates a 'Sell' rating with a $90 price target, significantly below the current price, contrasting with the broader Wall Street consensus which mostly rates Palantir as a 'Moderate Buy' with higher price targets. This highlights a split in market sentiment ahead of the earnings release.

As of Oct 28, 2026 21:31 WIB, Palantir Technologies Inc (PLTR) trades at USD 195.24 on Pluang, down 1.76% for the day. Market participants show a nearly balanced sentiment with 49% of orders to sell and 51% to buy. The stock's market cap stands at $477.56 billion, highlighting its significant scale amid mixed analyst views.

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