Palantir Technologies Inc. (PLTR) earnings on May 4, 2026

PLTR price around the earnings

146.03

Change: +1.1%

Start of the measured window End of the measured window

144.51 146.13 147.75 149.37 144.51

May 4, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
Starting price

Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published: 2026-05-04, 20:09 UTC

Mixed contexts: strong past earnings, but recent weakness.

While the company consistently beats earnings expectations and analysts have high price targets, recent performance shows weakness. The stock has underperformed the market recently, and there's been a notable downgrade from a key analyst.

Context analyzed before publication

Summary: Momentum fading, analyst downgrade adds uncertainty.
Reasoning: While the company has a strong recent record of beating earnings and analysts cite high price targets, recent momentum has weakened. An analyst downgrade adds to the uncertainty, pointing to a less favorable outlook heading into earnings.
Playbook: Given the mixed contexts and the recent downgrade, the scenario is mixed. Upcoming earnings are a key data point for any shifts in sentiment.
Trend: Recent recovery losing steam, momentum deteriorating.

Analysts

Drivers

Analysts Neutral
Most analysts recommend buying the stock in an optimistic scenario. However, one analyst recently downgraded their rating, expressing caution and lowering their price target.

Evidence

Analyst consensus: Buy
Consensus average (1-5): 1.97
Analysts covering the stock: 26
Average price target: 182.99
Lowest price target: 70
Highest price target: 255
Upside to price target: 27%
Quarterly earnings growth: 670.4%
Revenue growth: 70%
Forward EPS: 1.87
Trailing EPS: 0.63
Analyst moves in the last 60 days: 9

Strong buy: 1
Buy: 17
Hold: 11
Sell: 1
Strong sell: 1

Strong buy: 1
Buy: 17
Hold: 11
Sell: 1
Strong sell: 1

May 1, 2026 · HSBC: Downgrades rating (Buy → Hold)
April 30, 2026 · Oppenheimer: Initiates coverage (Outperform)
April 28, 2026 · Citigroup: Maintains rating (Buy → Buy)
April 16, 2026 · DA Davidson: Maintains rating (Neutral → Neutral)
April 14, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
April 10, 2026 · Wedbush: Reiterates rating (Outperform → Outperform)
March 25, 2026 · Rosenblatt: Maintains rating (Buy → Buy)
March 18, 2026 · UBS: Maintains rating (Buy → Buy)
March 16, 2026 · Wedbush: Reiterates rating (Outperform → Outperform)

News and sentiment

Drivers

News & sentiment Negative
A recent downgrade by a major analyst firm has created negative sentiment. This contrasts with the general positive buzz often seen in the technology sector.

Evidence

Sentiment

Sentiment: Constructive
Mention volume: Low
Normalized volume: 33%

News

Sources (5)

HSBC Downgrades Palantir Technologies to Hold, Lowers Price Target to $151 — Benzinga
Palantir Rallies Before May 4 Earnings — What Analysts And Charts Signal — Benzinga
$100 Invested In Palantir Technologies 10 Years Ago Would Be Worth This Much Today — Benzinga
This Palantir Analyst Begins Coverage On A Bullish Note; Here Are Top 2 Initiations For Thursday — Benzinga
Oppenheimer Initiates Coverage On Palantir Technologies with Outperform Rating, Announces Price Target of $200 — Benzinga

Technicals

Drivers

Technical Negative
While the stock has seen some recent gains, its performance over the last month has lagged behind the broader market. This suggests a loss of upward momentum.

Evidence

Average true range (ATR): 4.2%
Distance to 52-week high: -30.6%
14-day change (14d): +6.2%
30-day change: -4.4%
30-day relative strength: -13.6%
Benchmark change: +9.2%
Nearest support: 122.68
Nearest resistance: 162.21
Volume accumulation ratio: 0.99

Trends

Evidence

Average earnings surprise: +12.7%

February 2, 2026: actual EPS 0.25 vs estimate 0.23 (surprise +8.6%)
November 3, 2025: actual EPS 0.21 vs estimate 0.17 (surprise +25.5%)
August 4, 2025: actual EPS 0.16 vs estimate 0.14 (surprise +15.6%)
May 5, 2025: actual EPS 0.13 vs estimate 0.13 (surprise +1.1%)

Expected move

Drivers

Past earnings Positive
The company has consistently exceeded earnings expectations in the past. This track record indicates strong operational performance and execution.

There is no implied-move data available for this event.

Reactions over its last 19 earnings

Median move: 14.2%
75th percentile move: 21.3%
90th percentile move: 23.5%
Up / down moves: 10 / 9
Average up move: +17.9%
Average down move: -12.6%

Monitoring and close

What Palantir Technologies Inc. reported

There is no monitoring data available for this event.

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Consolidated: +1.1%
Max move: +3.5%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.