PLTR Rises Premarket: Rangebound Stock, Mixed Retail View Signal Dull Setup Ahead Of Quartely Results Today

• Palantir’s shares gained in Monday’s premarket trading.
• Analysts expect Q1 revenue to rise 74%, which would be a record.
• Stocktwits sentiment was ‘bearish,’ even though traders have high hopes for the earnings report.

Palantir shares gained nearly 2% in early premarket trading on Monday, ahead of the AI data analytics company’s first quarter report in post-market hours.

While analysts expect a blowout report – Palantir has been routinely cited, including by President Donald Trump, as a key technology supplier in the ongoing U.S.-Israel war in Iran – there are mixed signals heading.

Despite swings and dips linked to war news, PLTR stock has largely traded within a range since the company’s last earnings report in late February. Now, with a ceasefire between the U.S. and Iran, trades suggest that investors are turning to defense-related names.

Last week, HSBC downgraded Palantir to ‘Hold’ from ‘Buy’ and slashed its price target to $151 from $205m, flagging risks to the business from potentially overlapping functionality being offered by AI firms such as Anthropic and OpenAI.

On Stocktwits, retail sentiment for PLTR has fallen gradually over the last two weeks and was ‘bearish’ early Monday, although traders largely had an optimistic view of the earnings.

A trader wrote: “the question I most want to see answered tomorrow moving forward is ….how many more quarters can Wall Street keep this stock down?..considering PLTR absolutley crushes earnings with historical double and triple figure digits for the past several quarters in a row..wouldnt be surprised if they hit even bigger growth numbers this time around.”

Mixed Signals For PLTR

In recent months, Palantir has been at the center of both strong business momentum and rising geopolitical scrutiny: the Pentagon formally adopted its Maven AI platform as a core military system, according to a Reuters report, while the company continued to win new AI and government-linked deals and attract bullish analyst calls. 

At the same time, it faced pushback globally – the German military indicated that it may not buy Palantir’s technology over data concerns, and Australia saw calls to ban it after a controversial manifesto, with similar privacy-related concerns sparking a debate in the UK.

On the other hand, Trump praised the company, saying that it offers “great war-fighting capabilities and equipment,” even as reports emerged that Palantir is leading the charge to develop the underlying software system for U.S. proposed Goldem Dome missile defense system.

PLTR’s Earnings Expectations

Analysts expect Palantir’s fiscal first-quarter revenue to rise 74% to $1.54 billion, its strongest pace on record, according to estimates from Koyfin. Adjusted profit is expected to rise 115% to $0.28 per share.

Currently, 18 out of 31 analysts recommend ‘Buy’ or higher, 11 rate it ‘Hold,’ and two rate it ‘Sell’ or lower, according to Koyfin. Their average piece target of $182.99 implies a 27% upside for the stock.

PLTR shares are down 20% year to date.

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