Joseph Allaham

$PLTR Palantir gets higher Rosenblatt price target ahead of earnings 🐂🔮📈 Rosenblatt raised Palantir's price target to $260 from $225, implying 31% upside, citing strong enterprise AI growth and market expansion. 💥🌟💥 October 27, 2026 Investor focus on Palantir is intensifying as the software company approaches its third-quarter earnings report. Rosenblatt has lifted its price target on the stock to $260 from $225, citing expectations for continued strong growth and broader enterprise AI adoption. Highlights Rosenblatt raised Palantir's price target to $260 from $225, implying 31% upside, citing strong enterprise AI growth and market expansion. Analyst John McPeake estimates Palantir's total addressable market is an order of magnitude larger than prior forecasts, positioning it as a core enterprise platform. Analysts expect Palantir's third-quarter results on Nov. 2 to show nearly 100% earnings growth and over 80% revenue growth year-on-year, with 25 of 34 analysts rating it a buy. Target increase and growth rationale As reported by CNBC, Rosenblatt maintains a buy rating on Palantir and has raised its price target on the shares to $260 from $225, implying 31% upside from Monday's close. Analyst John McPeake says channel checks point to continued strong growth and potential upside. He adds that the shift toward enterprise AI deployments at scale should help Palantir win significant new customers while sustaining its net revenue retention rate. McPeake also says Palantir's total addressable market is likely more than an order of magnitude larger than previously estimated. In his note, he compares the company's role in enterprises to that of an operating system in computing, arguing that Palantir increasingly functions as a core layer for organizational operations and knowledge processing. Wall Street expectations and market positioning Traders are bracing for Palantir's third-quarter results, which are due on Nov. 2. Analysts polled by LSEG expect the company to post nearly 100% earnings growth from the year-earlier period, with revenue expanding by more than 80%. Rosenblatt's view is broadly aligned with Wall Street consensus. LSEG data shows that 25 of the 34 analysts covering Palantir have a buy or strong buy rating on the stock, while the shares are up nearly 12% year to date. By Parshwa Turakhiya 🐂📈🔮🦄🌟🔥⚡️💥 tradersunion.com/news/stocks…