Citi raises target to USD 250 for Palantir stock before third-quarter results

Published on 10/23/2026 at 11:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi lifted its target from USD 245 to USD 250 on October 22, 2026. Palantir stock trades at EUR 174.53 on October 23, 2026.

Analyst view before November reporting

Citi raised Palantir's target from USD 245 to USD 250 on October 22, 2026.
Second-quarter revenue reached USD 1.935 billion, an increase of 93.00 percent year over year.
Palantir stock trades at EUR 174.53 at 11:30 a.m. CEST at Lang & Schwarz on October 23, 2026.

Bauhaus-Grafikposter mit abstraktem Netzwerk aus Knoten und Linien in Schwarz, Weiß und Blau — Palantir Technologies Inc (US69608A1088) – Bauhaus-Poster zeigt stilisiertes Knoten-Netzwerk in Schwarz, Weiß und Hellblau, Illustration mit AI erstellt.

Palantir stock (ISIN US69608A1088) was trading at EUR 174.53 at Lang & Schwarz on October 23, 2026 at 11:30 a.m. CEST. According to TokenPost on October 23, 2026, Citi raised its Palantir target from USD 245 to USD 250 while retaining a Buy rating ahead of the third-quarter results.

Target rises before results

Citi's view is built around Palantir's U.S. government and commercial businesses. In the quarter ended June 30, Palantir generated USD 809 million in U.S. government revenue, up 90.00 percent from a year earlier, while U.S. commercial revenue reached USD 764 million, up 149.00 percent, according to TokenPost.

The comparison matters because commercial revenue grew 59 percentage points faster than government revenue in the second quarter. Total revenue reached USD 1.935 billion, a 93.00 percent year-over-year increase, while adjusted earnings per share were USD 0.41 and the company closed 220 deals worth at least USD 1 million.

What does the target change mean?

The higher target places the November report at the center of the investment case. Palantir's guidance for the third quarter calls for revenue of USD 2.160 billion to USD 2.164 billion and adjusted operating income of USD 1.292 billion to USD 1.296 billion, according to TokenPost. The low end of that revenue range is USD 225 million above second-quarter revenue, setting a clear numerical test for growth.

Three dates and figures

On June 30, 2026, Palantir reported USD 1.935 billion in second-quarter revenue. On October 12, 2026, the company announced that its next results would cover the quarter ended September 30, 2026. On October 22, 2026, Citi raised its target to USD 250 from USD 245.

When are the next results?

Financial Times reported on October 12, 2026 that Palantir will release third-quarter results on November 2, 2026, after the close of U.S. markets. The company scheduled its results webcast for 5:00 p.m. ET on the same date.

Palantir stock before the report

The stock enters the reporting date with a high-growth operating profile and a demanding analyst debate. Citi's target change is a quantified view of expected execution, while the company's guidance supplies the next benchmark for revenue and adjusted operating income.

Palantir stock was trading at EUR 174.53 at Lang & Schwarz on October 23, 2026 at 11:30 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Palantir stock.