Analyst Consensus ?
ConsensusHold26 ratings
Bullish1453.9%
Neutral934.6%
Bearish311.5%
Palantir Technologies Inc. · PLTR · FY2024 Q3 · Calendar Q4 2024
Palantir: AI production demand drives another guidance raise
The supplied analysis supports the view that resilient AI production demand and government expansion can sustain Palantir’s growth trajectory, but the thesis depends on continued conversion of prototypes into production contracts and on managing government, geographic, and investment risks.
Reported After market closeNASDAQTechnology
$428.00B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.10
Consensus $0.09
EPS surprise
+10.3%
Reported versus consensus
Reported revenue
$725.5M
Consensus $705.1M
Revenue surprise
+2.9%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+23.5%
Event window
SPY move
+1.2%
Same window
Abnormal move
+22.3%
Stock minus SPY
Volume
4.5×
Versus trailing sessions
Subsequent drift
+36.6%
Up to 20 sessions
PLTRSPY benchmark
Ask FN2 about PLTR FY2024 Q3
Transcript, numbers and history already loaded
Why did PLTR rise 23.5% after beating EPS estimates in FY2024 Q3?What changed in PLTR's guidance and outlook in FY2024 Q3?Give me the bull and bear case for PLTR after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current call showed faster revenue growth, continued AI-platform and defense expansion, new developer and defense initiatives, and another increase in full-year guidance. The analysis also emphasizes persistent Europe, government-cycle, strategic-contract, and investment-related risks.
Guidance delta
Management raised full-year 2024 revenue guidance to $2.805-$2.809 billion and U.S. commercial guidance above $687 million.
Key takeaways
- Revenue grew 30% year over year, with U.S. revenue growth of 44%.
- AIP and Maven supported expansion across commercial and government customers.
- U.S. commercial revenue rose 54% year over year and U.S. government revenue rose 40%.
- Adjusted operating margin reached 38%, while Rule of 40 reached 68.
- Operating cash flow was $420 million and adjusted free cash flow was $435 million.
Management priorities
- Move more customers from AI prototypes into production.
- Expand AIP, Maven Smart System, Foundry, and Apollo deployments.
- Scale the JADC2 SDK ecosystem and support third-party developers.
- Roll out the Warp Speed manufacturing operating system.
- Expand Maven Smart System across U.S. military services.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$186.03Current
$4.5Low
$142.65Average
$265High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Mizuho | Outperform | Outperform | Maintain | Oct 15, 2026 |
| Goldman Sachs | Buy | Neutral | Upgrade | Oct 8, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Sep 23, 2026 |
| UBS | Buy | Buy | Maintain | Sep 15, 2026 |
| DA Davidson | Buy | Buy | Maintain | Sep 11, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 4, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 4, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 4, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Aug 4, 2026 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Jun 16, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Jun 5, 2026 |
| Argus Research | Buy | Hold | Upgrade | May 6, 2026 |
| RBC Capital | Underperform | Underperform | Maintain | May 5, 2026 |
| HSBC | Hold | Buy | Downgrade | May 1, 2026 |
| Freedom Broker | Buy | Sell | Upgrade | Feb 13, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Nov 4, 2025 |
| Baird | Neutral | Neutral | Maintain | Nov 4, 2025 |
| B of A Securities | Buy | Buy | Maintain | Nov 4, 2025 |
| Loop Capital | Buy | Buy | Maintain | Aug 5, 2025 |
| William Blair | Market Perform | Underperform | Upgrade | Mar 5, 2025 |
| Northland Capital Markets | Market Perform | Market Perform | Maintain | Feb 4, 2025 |
| Jefferies | Underperform | Underperform | Maintain | Feb 4, 2025 |
| Benchmark | Buy | Buy | Maintain | Dec 20, 2024 |
| Raymond James | Market Perform | Outperform | Downgrade | Sep 23, 2024 |
| Monness, Crespi, Hardt | Sell | Neutral | Downgrade | Jun 21, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | May 10, 2023 |
Named analyst price targets
Upside is calculated against the persisted current price $186.03. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Gregg Moskowitz | $245 | $200.97 | +31.7% | Oct 15, 2026 |
| Robert W. Baird | William Power | $250 | $209.05 | +34.4% | Oct 12, 2026 |
| Barclays | Anthony Valentini | $265 | $198.78 | +42.5% | Oct 8, 2026 |
| Goldman Sachs | Gabriela Borges | $230 | $194.12 | +23.6% | Oct 8, 2026 |
| UBS | Analyst unavailable | $250 | $173.31 | +34.4% | Sep 15, 2026 |
| D.A. Davidson | Gil Luria | $250 | $168.03 | +34.4% | Sep 11, 2026 |
| UBS | Analyst unavailable | $215 | $175.23 | +15.6% | Aug 11, 2026 |
| Northland Securities | Analyst unavailable | $200 | $158.09 | +7.5% | Aug 4, 2026 |
| Mizuho Securities | Gregg Moskowitz | $215 | $153.91 | +15.6% | Aug 4, 2026 |
| Goldman Sachs | Analyst unavailable | $204 | $125.65 | +9.7% | Aug 4, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $156 | $125.65 | -16.1% | Aug 4, 2026 |
| D.A. Davidson | Gil Luria | $200 | $125.65 | +7.5% | Aug 4, 2026 |
| Jefferies | Brent Thill | $80 | $125.65 | -57.0% | Aug 4, 2026 |
| RBC Capital | Rishi Jaluria | $90 | $121.72 | -51.6% | Jul 31, 2026 |
| D.A. Davidson | Analyst unavailable | $175 | $125.73 | -5.9% | Jul 2, 2026 |
| UBS | Karl Keirstead | $200 | $129.98 | +7.5% | Jun 16, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $138 | $137.42 | -25.8% | May 22, 2026 |
| Argus Research | Analyst unavailable | $190 | $135.91 | +2.1% | May 6, 2026 |
| D.A. Davidson | Analyst unavailable | $165 | $137.31 | -11.3% | May 5, 2026 |
| HSBC | Analyst unavailable | $151 | $144.07 | -18.8% | May 1, 2026 |
| Oppenheimer | Param Singh | $200 | $137.97 | +7.5% | Apr 30, 2026 |
| Mizuho Securities | Gregg Moskowitz | $185 | $132.37 | -0.6% | Apr 14, 2026 |
| Daiwa | Analyst unavailable | $180 | $142.91 | -3.2% | Feb 10, 2026 |
| Deutsche Bank | Brad Zelnick | $200 | $155.6 | +7.5% | Feb 3, 2026 |
| HSBC | Analyst unavailable | $205 | $156.07 | +10.2% | Feb 3, 2026 |
| D.A. Davidson | Analyst unavailable | $180 | $154.46 | -3.2% | Feb 3, 2026 |
| Northland Securities | Analyst unavailable | $190 | $147.76 | +2.1% | Feb 3, 2026 |
| UBS | Analyst unavailable | $180 | $147.76 | -3.2% | Feb 3, 2026 |
| Mizuho Securities | Analyst unavailable | $195 | $147.76 | +4.8% | Feb 3, 2026 |
| Piper Sandler | Analyst unavailable | $230 | $147.76 | +23.6% | Feb 3, 2026 |
| Jefferies | Analyst unavailable | $208 | $165.33 | +11.8% | Jan 22, 2026 |
| Truist Financial | Analyst unavailable | $223 | $174.04 | +19.9% | Jan 6, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $198 | $192.26 | +6.4% | Nov 4, 2025 |
| D.A. Davidson | Analyst unavailable | $215 | $192.67 | +15.6% | Nov 4, 2025 |
| Morgan Stanley | Analyst unavailable | $205 | $192.29 | +10.2% | Nov 4, 2025 |
| Goldman Sachs | Analyst unavailable | $188 | $192.06 | +1.1% | Nov 4, 2025 |
| UBS | Karl Keirstead | $205 | $207.18 | +10.2% | Nov 4, 2025 |
| Robert W. Baird | William Power | $200 | $207.18 | +7.5% | Nov 4, 2025 |
| Mizuho Securities | Gregg Moskowitz | $205 | $207.18 | +10.2% | Nov 4, 2025 |
| Piper Sandler | Analyst unavailable | $201 | $177.21 | +8.0% | Oct 14, 2025 |
| Mizuho Securities | Analyst unavailable | $165 | $171.43 | -11.3% | Sep 15, 2025 |
| Wedbush | Daniel Ives | $200 | $173.27 | +7.5% | Aug 5, 2025 |
| Morgan Stanley | Analyst unavailable | $155 | $173.27 | -16.7% | Aug 5, 2025 |
| Piper Sandler | Brent Bracelin | $182 | $173.27 | -2.2% | Aug 5, 2025 |
| D.A. Davidson | Gil Luria | $170 | $173.27 | -8.6% | Aug 5, 2025 |
| Loop Capital Markets | Analyst unavailable | $180 | $173.27 | -3.2% | Aug 5, 2025 |
| UBS | Analyst unavailable | $165 | $173.27 | -11.3% | Aug 5, 2025 |
| Deutsche Bank | Brad Zelnick | $160 | $173.27 | -14.0% | Aug 5, 2025 |
| Wedbush | Daniel Ives | $160 | $142.5 | -14.0% | Jul 10, 2025 |
| Loop Capital Markets | Mark Schappel | $155 | $135.19 | -16.7% | Jun 12, 2025 |
| Mizuho Securities | Matthew Broome | $94 | $108.86 | -49.5% | May 6, 2025 |
| D.A. Davidson | Gil Luria | $115 | $108.86 | -38.2% | May 6, 2025 |
| Loop Capital Markets | Mark Schappel | $130 | $108.86 | -30.1% | May 6, 2025 |
| Wedbush | Daniel Ives | $140 | $106.38 | -24.7% | May 6, 2025 |
| William Blair | Analyst unavailable | $84 | $90.13 | -54.8% | Mar 5, 2025 |
| D.A. Davidson | Gil Luria | $105 | $103.83 | -43.6% | Feb 4, 2025 |
| Mizuho Securities | Gregg Moskowitz | $80 | $103.83 | -57.0% | Feb 4, 2025 |
| Morgan Stanley | Sanjit Singh | $95 | $103.83 | -48.9% | Feb 4, 2025 |
| Jefferies | Brent Thill | $60 | $103.83 | -67.7% | Feb 4, 2025 |
| Wedbush | Dan Ives | $75 | $64.35 | -59.7% | Nov 25, 2024 |
| Wedbush | Dan Ives | $57 | $51.02 | -69.4% | Nov 5, 2024 |
| D.A. Davidson | Gil Luria | $47 | $51.02 | -74.7% | Nov 5, 2024 |
| Wedbush | Daniel Ives | $45 | $37.12 | -75.8% | Sep 26, 2024 |
| Bank of America Securities | Mariana Perez Mora | $50 | $35.88 | -73.1% | Sep 16, 2024 |
| Northland Securities | Michael Latimore | $35 | $32.59 | -81.2% | Aug 22, 2024 |
| Citigroup | Tyler Radke | $30 | $29.28 | -83.9% | Aug 8, 2024 |
| Goldman Sachs | Gabriela Borges | $16 | $26.59 | -91.4% | Aug 6, 2024 |
| Bank of America Securities | Mariana Perez Mora | $30 | $26.92 | -83.9% | Aug 6, 2024 |
| Wedbush | Dan Ives | $38 | $26.82 | -79.6% | Aug 6, 2024 |
| D.A. Davidson | Gil Luria | $28 | $24.09 | -84.9% | Aug 6, 2024 |
| Wedbush | Daniel Ives | $50 | $28.9 | -73.1% | Jul 18, 2024 |
| Argus Research | Joseph Bonner | $29 | $23.57 | -84.4% | Jun 17, 2024 |
| Mizuho Securities | Gregg Moskowitz | $21 | $21.6 | -88.7% | May 7, 2024 |
| D.A. Davidson | Gil Luria | $24 | $21.7 | -87.1% | May 7, 2024 |
| Deutsche Bank | Brad Zelnick | $20 | $25.21 | -89.2% | May 7, 2024 |
| Wedbush | Dan Ives | $35 | $23.33 | -81.2% | May 6, 2024 |
| Jefferies | Brent Thill | $22 | $21.87 | -88.2% | Feb 6, 2024 |
| Goldman Sachs | Gabriela Borges | $11 | $16.66 | -94.1% | Aug 8, 2023 |
| Wedbush | Daniel Ives | $25 | $16.92 | -86.6% | Jul 28, 2023 |
| Raymond James | Brian Gesuale | $15 | $8.59 | -91.9% | Feb 14, 2023 |
| Jefferies | Analyst unavailable | $7.5 | $6.36 | -96.0% | Jan 5, 2023 |
| Wolfe Research | Alex Zukin | $4.5 | $6.31 | -97.6% | Dec 21, 2022 |
| Citigroup | Analyst unavailable | $5 | $7.64 | -97.3% | Nov 11, 2022 |
| Citigroup | Analyst unavailable | $6 | $9.82 | -96.8% | Aug 9, 2022 |
| Jefferies | Analyst unavailable | $12 | $9.82 | -93.5% | Aug 9, 2022 |
| Deutsche Bank | Brad Zelnick | $8 | $9.82 | -95.7% | Aug 9, 2022 |
| Raymond James | Brian Gesuale | $20 | $10.46 | -89.2% | Jul 21, 2022 |
| Goldman Sachs | Gabriela Borges | $10 | $9.01 | -94.6% | Jun 23, 2022 |
| Bank of America Securities | Mariana Perez Mora | $13 | $8.86 | -93.0% | Jun 21, 2022 |
| Deutsche Bank | Brad Zelnick | $11 | $8.34 | -94.1% | May 15, 2022 |
| Morgan Stanley | Keith Weiss | $13 | $7.46 | -93.0% | May 10, 2022 |
| Monness | Brian White | $16 | $7.26 | -91.4% | May 10, 2022 |
| Piper Sandler | Weston Twigg | $14 | $7.46 | -92.5% | May 9, 2022 |
| Piper Sandler | Weston Twigg | $16 | $11.12 | -91.4% | Apr 27, 2022 |
| RBC Capital | Rishi Jaluria | $12 | $11.96 | -93.5% | Apr 25, 2022 |
| Monness | Brian White | $20 | $12.42 | -89.2% | Apr 14, 2022 |
| Piper Sandler | Weston Twigg | $15 | $11.87 | -91.9% | Mar 10, 2022 |
| Morgan Stanley | Keith Weiss | $16 | $11.11 | -91.4% | Mar 7, 2022 |
| Deutsche Bank | Brad Zelnick | $15 | $11.02 | -91.9% | Feb 20, 2022 |
| Wolfe Research | Alex Zukin | $9 | $11.02 | -95.2% | Feb 18, 2022 |
| RBC Capital | Rishi Jaluria | $9 | $11.77 | -95.2% | Feb 17, 2022 |
| Jefferies | Brent Thill | $21 | $12.94 | -88.7% | Feb 4, 2022 |
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Start freeCompany context
Snapshot as of publicationPalantir Technologies Inc. engineers and deploys advanced software platforms primarily for the intelligence community, supporting counterterrorism investigations and operations across the United States, the United Kingdom, and internationally. One such product is Palantir Gotham, a sophisticated software system that enables users to uncover hidden patterns within diverse datasets, from signals intelligence to confidential informant reports. Gotham also facilitates the seamless handover between analysts and operational personnel, helping operators strategize and execute real-world responses to threats pinpointed within the platform.…
Historical context
All PLTR earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| WIT Wipro Limited | FY2027 Q2 · Calendar Q4 2026 | -25.0% | +3.9% | Wipro: AI pipeline expands as Q3 guidance stays narrow |
| TSM Taiwan Semiconductor Manufacturing Company Limited | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -1.8% | TSMC beats Q3 guidance as AI demand drives fab expansion |
| ERIC Telefonaktiebolaget LM Ericsson (publ) | FY2026 Q3 · Calendar Q4 2026 | +28.6% | +11.8% | Ericsson Q3: 7% organic growth, resilient margins and AI-led demand |
| ASML ASML Holding N.V. | FY2026 Q3 · Calendar Q4 2026 | +20.4% | -3.9% | ASML: Record Q3, strong AI demand and broader capacity plans |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-17T10:50:44.130441+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T10:50:44.127569+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.