New York, Feb 2, 2026, 10:07 EST — Regular session
- Palantir shares rose about 2% in early trade as investors positioned for results due after the close.
- William Blair upgraded the stock and said it sees a return to “greater than $200” within 12 months.
- Traders are braced for management’s outlook on commercial demand and margins amid a choppy AI trade.
Palantir Technologies shares rose 2.2% to $149.82 on Monday morning, a few hours before the data analytics firm reports quarterly results after the market close. (Investopedia)
The stock has been under pressure in recent weeks and is down about 30% from its record high, leaving investors looking to the earnings update for a fresh read on demand and valuation. (Investopedia)
William Blair upgraded Palantir to “Outperform” and said it expects the shares to return to “greater than $200 over the next 12 months,” citing developments it said suggest “hyper-growth and margin expansion can continue.” (Investing)
Palantir said results for the quarter and full year ended Dec. 31 will be released after the close, followed by a webcast at 5 p.m. ET. (Business Wire)
The move came on a mixed day for tech, with the QQQ up about 0.5% while Nvidia slid about 1.8% after a bout of fresh “AI jitters” rippled across markets. (Reuters)
William Blair said its tracker data and industry discussions point to “a very strong December quarter,” even as it described Palantir’s valuation as “frothy.” (Investing)
Investors will also look for signs that Palantir’s recent momentum in commercial deals is holding up, and whether management sticks with its habit of raising targets for cash generation.
Palantir last told investors it expected fourth-quarter revenue of $1.327 billion to $1.331 billion, above analysts’ estimates at the time, on demand from both commercial and government customers. (Reuters)
But the setup cuts both ways. With the stock still priced for rapid growth, any cautious tone on bookings, margins or hiring could trigger a quick reversal, especially if peers’ earnings stoke broader worries about AI spending.
Traders will key off Palantir’s results release after 4 p.m. ET and the 5 p.m. ET webcast for guidance and commentary that could set the tone for the stock into Tuesday’s session. (Business Wire)
