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Palantir shares surge ahead of Nov. 2 earnings after Goldman upgrade

The stock is up about 60% since August as Goldman lifted its rating to Buy and set a $230 target, placing it roughly 17% above the tracked consensus price target.

Reported · Written up by our desk · Previews

Palantir Technologies shares have surged in advance of its Nov. 2 earnings, building on a rally of about 60% since August and leaving the stock within about 5% of its 52-week high, according to MarketBeat Ratings. The article also notes Palantir is currently trading around $209.05.

MarketBeat Ratings says the jump in sentiment follows an Oct. 8 move by Goldman Sachs, which raised Palantir’s rating to Buy from Neutral and set a $230 price target. That target is described as about 17% above the consensus price target of $198.75 tracked by analysts.

The preview attributes the rally to renewed analyst focus rather than a major new company event, noting that there has not been a blockbuster deal driving the stock. It also points to CEO Alex Karp’s arguments around sovereign AI as part of the narrative investors are watching heading into earnings.

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