Data analytics software giant Palantir Technologies (PLTR) is scheduled to announce its Q1 2026 earnings on Monday, May 4, after the market closes. Ahead of Q1 earnings, top analysts from Wedbush and Baird have reiterated their bullish stance, citing the company’s “unprecedented demand” in the AI space. Let’s discuss the views of these analysts.
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Dan Ives Weighs in on PLTR Stock
Top Wedbush analyst Dan Ives reiterated an Outperform rating and a $230 price target on PLTR stock. He expects another “robust quarter,” driven by growing use cases for AIP across both government and commercial customers. Ives said the market still underestimates Palantir’s U.S. commercial business, where demand continues to pick up.
He added that recent checks point to “unprecedented demand” as companies adopt AI at scale. Ives also believes the Street’s revenue estimate of $1.54 billion is beatable and continues to see Palantir as a potential trillion-dollar company over time.
Top Baird Analyst Expects PLTR to Deliver Another Strong Quarter
Top Baird analyst William Power reaffirmed an Outperform rating and a $200 price target, stating that he expects “another strong quarter” from the software giant. He said revenue growth could accelerate for the 11th straight quarter, driven by strength in both U.S. Commercial and Government segments.
Beyond this quarter, Power expects growth to continue into 2026 and 2027, with free cash flow potentially reaching $7.5 billion by 2027. He also sees the recent pause in the stock as a good entry point for investors looking to buy into a high-growth name.
What to Expect in Q1
For the first quarter, consensus estimates for Palantir are as follows:
- EPS: $0.28 (up from $0.25 in the previous quarter and $0.13 in the year-ago quarter)
- Revenue: $1.54 billion (reflecting roughly 74% year-over-year growth)
Investors will specifically be looking at U.S. Commercial revenue, which grew by 137% last quarter. If AIP adoption continues at this pace, analysts expect management to raise its full-year 2026 revenue guidance, which currently sits at approximately $7.19 billion.
Is PLTR Stock a Good Buy Right Now?
Heading into Q1 earnings, the Wall Street consensus on Palantir is a Moderate Buy. Out of 21 analysts, 14 have issued Buy ratings, five have issued Hold ratings, and 2 suggest a Sell. The average PLTR price target of $191.28 indicates 35% upside potential from current levels.
