Investors are eyeing a stock split for Palantir Technologies (PLTR), said a Wall Street analyst in a third-quarter earnings preview. Palantir stock has gained 151% in 2025 and hit a record high on Monday before retreating a bit.
RBC Capital analyst Rishi Jaluria surveyed investors ahead of the Palantir earnings report, which is due Nov. 3.
“Retail investors are also largely focused on the potential for a stock split, and although this topic decreased quarter over quarter, it remains the most relevant topic,” Jaluria said.
In 2024, a few tech companies made stock splits, including Arista Networks (ANET), Palo Alto Networks (PANW), Nvidia (NVDA) and Broadcom (AVGO). Nvidia stock split 10-for-1 in June 2024.
Jaluria added: “With Palantir’s $6 billion cash balance, we think retail investors may be starting to become frustrated by the company’s lack of willingness to return capital to shareholders given no apparent interest in pursuing M&A opportunities.”
Jauria holds an underperform rating on Palantir stock.
Palantir Stock Hits A Record High
On the stock market today, Palantir stock dipped a fraction to 188.40. Shares hit an all-time high of 192.83 intraday Monday before paring gains. Shares cleared a 188.20 handle buy point.
The IBD Methodology: How To Invest In Stocks While Managing Risks
Expectations are high heading into the Palantir earnings report. Over the last four quarters, sales accelerated 30%, 36%, 39% and 48%. In Q3, Wall Street analysts model revenue growth of over 50% to $1.092 billion.
At Citi, analyst Tyler Radke in a report said he expects a strong Q3 but was cautious on guidance.
“Our intra-Q checks from partners and customers were positive, including checks from Oracle (ORCL) and Snowflake (SNOW) conferences, where partners reported uptick in collaborative deals,” Radke said. “(While) our Federal Government Contracts Tracker contact noted a return to year-over-year growth of 20%.”
He added: “We expect a slight downshift following historic beat and raise seen last quarter. We anticipate the fiscal year guidance raise will be a more modest 2 to 3 points, within historical averages and potentially missing the heightened expectations set by last quarter’s historic raise of 7 points.”
Here’s what investors need to know about the data analytics software maker and its chief executive, Alex Karp.
Palantir stock has boomed amid views that the company seems poised to win more U.S. government business during the Trump administration. Also, retail investor enthusiasm for generative artificial intelligence plays has lifted Palantir stock, although commercial-related revenue has yet to ramp up.
Palantir Stock Technical Ratings
Further, Palantir’s Relative Strength Rating stands at 97 out of a best-possible 99.
But PLTR stock holds an Accumulation/Distribution Rating of C. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Also, Palantir stock holds a Composite Rating of 99 out of a best-possible 99, according to IBD Stock Checkup. IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
