Palantir Technologies Inc stock: JPMorgan starts coverage at Overweight
Published on 10/29/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and upcoming catalyst
- JPMorgan said Palantir is already delivering returns from artificial intelligence deployments.
- The bank highlighted demand for AI sovereignty across data, processes, security and outcomes.
- Palantir is scheduled to report third-quarter results after the US market closes on November 2, 2026.
JPMorgan has initiated coverage of Palantir Technologies Inc with an Overweight rating and a December 2027 price target of USD 262. Yahoo Finance, citing an Investing.com report published on October 29, 2026, said JPMorgan also added the company to its Analyst Focus List.
JPMorgan points to AI returns
Analyst Brian Essex said enterprises are moving from deciding how to deploy artificial intelligence toward seeking measurable returns from it. In the analyst's view, Palantir is already delivering those returns by using its platforms to change customer operations.
JPMorgan also highlighted rising demand for what it calls AI sovereignty. The concept extends beyond data ownership to include logic, intellectual property, processes, outcomes and security. That framing supports the bank's view that Palantir can serve both enterprise and government organizations seeking greater control over their digital operations.
Valuation meets the next earnings test
The bank described the valuation as reasonable relative to what it characterized as profitable high growth. Its target reflects a 2028 enterprise-value-to-free-cash-flow multiple of 55 and an estimated USD 11.7 billion of free cash flow. JPMorgan forecasts free-cash-flow growth of 77% over the three years through 2028.
The report places Palantir on Positive Catalyst Watch ahead of the company's third-quarter results, scheduled for November 2 after the US market close. JPMorgan's third-quarter estimates are broadly in line with consensus, while the analyst sees potential for an upside surprise if execution remains strong.
What has changed since the last report
At Lang & Schwarz, Palantir stock stood at EUR 173.84 on October 29, 2026, at 17:40:19 Berlin time. The previous report recorded EUR 177.37 at 12:52 CET on October 28, a decline of EUR 3.53 or 1.99% between the two checked quotes. This comparison is separate from a Xetra daily close.
The real-time quote of Palantir Technologies Inc stock provides the latest available market indication.
Palantir Technologies Inc stock facts
- Company: Palantir Technologies Inc.
- ISIN: US69608A1088
- Ticker: PLTR
- Primary exchange: Nasdaq
- Lang & Schwarz quote: EUR 173.84 on October 29, 2026, at 17:40:19 Berlin time
- Sector / industry: Technology / Software - Infrastructure
The broader market context is available in the S&P 500 market reports.
