Buy Palantir ahead of earnings, says Rosenblatt
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Palantir Technologies is poised to see strong growth, making it an attractive play for investors, according to Rosenblatt. The investment firm has a buy rating on the software stock. It raised its price target on shares to $260 from $225, implying 31% upside from Monday's close. "Checks suggest continued strong growth, we expect upside," analyst John McPeake said Monday in a note. "The move towards enterprise AI deployments at scale should allow them to both add significant new logos and continue their unmatched net revenue retention rate." PLTR YTD mountain PLTR in 2026 The target hike comes as traders brace for third-quarter results due out Nov. 2. Analysts polled by LSEG expect Palantir to report nearly 100% earnings growth from the year-earlier period, with revenue expanding by more than 80%. McPeake added that Palantir's total addressable market is likely "more than an order of magnitude larger" than previously estimated. "A computer operating system 'controls the operation of a computer and directs the processing of programs,' we think Palantir's de facto enterprise operating system 'controls the operations of an enterprise and directs the processing of tribal knowledge' (A nod to Dr. Karp)," McPeake said. "The question in that light becomes what organization does not need an enterprise operating system?" Rosenblatt's call falls in line with consensus on Wall Street. Of the 34 analysts covering Palantir, 25 have a buy or strong buy rating on the stock, LSEG data shows. Shares have risen nearly 12% year to date.