$PLTR · Schwab Network · 2026-11-03

Let's focus on the daily chart of Palantir stock. The company announced its earnings results after the market closed yesterday. We are now seeing a decline of approximately 5% in this stock.

It's the worst performance on a day that generally looks good for the technology sector.

Most software stocks are trading higher, but there may have been some disappointment regarding the company's level of growth, which was impressive, but of course, given its history, some questions may have arisen as to whether we have reached peak growth.

I mean, you, Molly and I were analyzing these numbers. It didn't look too bad, but as you pointed out, Alex, it's not the kind of numbers we're probably used to from a company like this, but I do see a fair number of target price adjustments from analysts.

So, they don't seem too disappointed by what we've seen here.

Yes, at the moment, Palantir shares are down about 4.5% to 5% in early trading, despite the strong quarter we talked about and the significant upward revision of its future outlook.

Third-quarter revenue rose 96% to $2.31 billion, better than expected. For the first time ever, commercial revenues in the United States have surpassed government sector revenues .

That was the essential and fundamental story in this report.

Palantir also raised its full-year revenue forecast to around $8.53 billion, better than expected, but the concern is whether this rapid growth will continue. Commercial bookings in the United States came in weaker than some investors had hoped, while fourth-quarter guidance points to a cascading slowdown.

This is also a point of contention on Wall Street .

To emphasize your point, Sam, Jefferies, which still recommends "underperform " with a price target of $80, says the debate is now turning to whether Palantir can maintain its growth acceleration under more challenging comparisons.

RBC also adopts an " underperforming" view, citing a slowdown in deal value growth and a stabilization of remaining performance commitments .

On the other hand, the optimistic camp at Citi raised the target price to $265. While Truist raised the price to $250, both indicate that Palantir is a major beneficiary of enterprise AI, with Truist noting that revenue growth is now accelerating for 13 consecutive quarters.

So the results were strong, but expectations were already very high for this company, as we know, Sam. Investors are still looking for evidence that the AI-driven growth pace is sustainable for Palantir, but at some point if growth slows, a contraction in multiples may not be surprising.

This is kind of what I see today. A slight negative reaction, but the numbers are still very strong. Yes, expectations are very high this earnings season.

Good morning, Tim. How would you handle a trial trade for this stock? Yes, good morning, Sam. I'm looking at a stock like many others in this sector, which has significantly outperformed in earnings over the past few quarters, but isn't making any upward progress here.

So I think the ratings we saw several chapters ago are finally starting to show, as Alex pointed out regarding the shrinking of complications. So, I might like the stock at lower levels here.

The $15.5 area of recent earnings represents a good earnings gap on the chart from a technical perspective.

Therefore, I will sell the spreads for traditional put options for November at 150/145. I get a net credit of slightly less than a dollar, a return on risk of about 20 cents, with a sufficient safety margin to fall.

November is the best month for stocks seasonally; we'll see if Palantir follows suit. Finally, we are seeing some easing on the macroeconomic front, with the yield on 10-year bonds falling below 5% and oil dropping below $100.

So, things don't look exactly rosy , but they're probably not as bad as some feared, and that's what this deal embodies.

Good. Palantir shares are trading down 5% as a result. Good earnings report, we really appreciate that.