Palantir Stock Could Drop to $117 After August 3 Earnings

Analyst
โดย The Motley Fool·Read original
Summary · why it matters

Palantir Technologies shares may fall about 5% to $117 following its second-quarter earnings report on August 3, according to a Motley Fool analysis. The stock has already declined roughly 30% in 2026 as investors rotate out of enterprise SaaS names amid new AI model features from Anthropic and OpenAI. Wall Street expects revenue of $1.8 billion and earnings per share of $0.35, implying 80% revenue growth and a 169% jump in earnings year over year. Recent earnings from IBM and ServiceNow triggered initial sell-offs followed by modest rebounds, leaving mixed signals for the sector. Even if Palantir meets or modestly exceeds expectations, its rich valuation and early-stage agentic AI deployment create vulnerability to further selling pressure.

Impact on stocks 3

Artificial Intelligence▼ · 3 stocks
Palantir Technologies Inc.
PLTR
▼ NegativeCapitalrelevance

Article predicts 5% drop to $117 after Q2 earnings due to rich valuation and sector rotation, with vulnerability to selling pressure.

Theme Impact 2

Off-coverage companies 2

AnthropicPrivate± Mixed
Technologyrelevance

Mentioned as a competitor with new AI model features that are causing rotation out of enterprise SaaS names.

OpenAIPrivate± Mixed
Technologyrelevance

Mentioned as a competitor with new AI model features that are causing rotation out of enterprise SaaS names.

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