Palantir jumps after raising annual revenue outlook on strong AI-powered software demand

Palantir Technologies

04/08/2026 09:12

** Palantir Technologies' PLTR.O shares rise 16.4% to $146.2 in premarket trading after it lifted its annual revenue forecast, citing robust demand for its AI-powered data analytics software
** Co raised annual revenue to be between $8.15 bln and $8.16 bln, vs its prior forecast of $7.65 bln to $7.66 bln
** "Palantir has several competitive advantages over all other software companies, which is becoming more pronounced in the era of AI helping the company provide guidance substantially above expectations," D.A. Davidson says in a note
** Palantir expects Q3 rev between $2.160 bln to $2.164 bln, above the $2 bln consensus, as per data compiled by LSEG
** 22 of 33 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell" or lower; their median PT is $190, as per data compiled by LSEG
** As of last close, PLTR down nearly 30% YTD, trailing the Nasdaq's .IXIC 11.5% rise in the same period

 (Reporting by Kanchana Chakravarty in Bengaluru)
 ((Kanchana.Chakravarty@thomsonreuters.com;))