Palantir Q3 Earnings: Buy Now or Brace for a Drop?

Palantir is set to release its Q3 2024 earnings amid significant growth, having achieved seven consecutive profitable quarters and a 144% increase in share price this year. Investor Michael Del Monte is optimistic about Palantir's future, citing its strong portfolio of government and commercial contracts, including partnerships with L3Harris and Microsoft. Despite concerns over high valuations, Del Monte rates Palantir a Strong Buy, bolstered by its recent inclusion in the S&P 500. However, Wall Street analysts remain cautious, with a Hold consensus and a 12-month price target suggesting a potential downside.