Palantir Stock Rises on Earnings Optimism Despite Market Declines

Palantir Technologies Inc. (PLTR) stock gained today despite broader market losses. The company reports earnings on November 2.

Analysts forecast Palantir will report strong revenue and EPS growth compared to last year. Stock has outpaced sector and S&P 500 over past month.

Upward revisions in earnings estimates typically signal positive stock performance ahead. PLTR has seen estimates revise upward recently.

PLTR currently has a Zacks Rank of #2 (Buy). The stock trades at a premium valuation compared to its industry.

The Technology Services industry ranks in the top 37% of Zacks Industries, suggesting strong performance potential.