Palantir Technologies reports second-quarter earnings on August 3. Oppenheimer reiterated its Outperform rating ahead of the release. The firm forecasts 85% year-over-year revenue growth. This projection exceeds the company's official guidance. Analysts expect Palantir to raise its full-year outlook based on U.S. government and commercial segment strength.
Baird maintained its positive rating and labeled the stock a buying opportunity. The firm highlighted Palantir's revenue growth over the last 12 months. Analysts also noted the company's robust gross profit margins.
Market expectations center on Palantir's continued momentum in the AI and data analytics sectors.