New York, Feb 3, 2026, 04:54 EST — Premarket
- PLTR shares gained 0.8% in premarket action.
- After Q4 revenue jumped 70%, Palantir set its 2026 revenue forecast between $7.182 billion and $7.198 billion.
- William Blair raised the stock rating ahead of earnings, pointing to valuation and demand as key swing factors.
Shares of Palantir Technologies Inc. ticked up 0.8% to $147.76 in premarket trading Tuesday. Investors reacted to the company’s significantly raised 2026 revenue forecast following its latest earnings report.
The forecast carries weight, signaling yet another jump in growth for this software firm, now seen as a barometer for enterprise AI spending. Traders have zeroed in on Palantir’s U.S. commercial segment as the key indicator.
This stock trades on valuation, making it highly sensitive. Just a hint in guidance, deal flow, or tone can send the tape swinging sharply in either direction.
Late Monday, the company reported fourth-quarter revenue surged 70% to $1.407 billion. U.S. commercial revenue jumped 137% to $507 million, while U.S. government revenue rose 66% to $570 million. Adjusted earnings per share came in at $0.25. For full-year 2026, it forecast revenue between $7.182 billion and $7.198 billion. The firm also highlighted $4.262 billion in total contract value — a measure of potential lifetime value from signed deals. Adjusted free cash flow guidance for 2026 came in at $3.925 billion to $4.125 billion. CEO Alex C. Karp said the focus remains on “commodity cognition,” their term for making AI models cheaper and easier to deploy. (Fast Edgar)
The short-term question is whether those contract and cash targets are sustainable or simply front-loaded, and to what extent the boost comes from U.S. commercial projects versus government contracts.
Before the report, Louie DiPalma of William Blair bumped Palantir to Outperform from Market Perform. He noted a recent pullback had made the stock’s valuation, previously “frothy,” feel “more reasonable” compared to AI peers and private funding rounds. DiPalma highlighted steady momentum in both government and enterprise sectors, predicting shares could climb back over $200 within a year. (TipRanks)
Still, risk lingers. Palantir’s connections to U.S. government contracts keep it under political scrutiny, and Wall Street isn’t convinced by the stock’s price. Shares fell over 15% year-to-date, despite a roughly 5% bump in after-hours trading following the earnings release. Zavier Wong of eToro noted the “valuation question marks won’t disappear,” calling the stock “priced for perfection.” On the upside, Palantir’s first-quarter revenue forecast beat LSEG estimates, according to the same report. (Reuters)
The immediate question: can PLTR maintain its early gains when the cash market opens at 9:30 a.m. ET? Analysts will also be watching closely to see if they push more on the 2026 cash and contract targets, or if concerns about a slight slowdown in growth keep pulling them back.
