Palantir (PLTR) dropped its Q3 report yesterday, and the numbers were strong enough to jolt Wall Street awake. The company posted $1.18 billion in revenue, up 63% year-over-year, with commercial sales jumping 121%.
Its cash reserves hit $6.4 billion, and for a brief moment, the stock touched $207.18, setting a new all-time high before sliding 12% within hours.
Social media lit up immediately some celebrating, others warning of a tech bubble. Here’s what the data really says and why traders can’t agree on what happens next.
Key Takeaways On PLTR Stock
- Despite record results, the stock fell due to valuation pressure at 85× sales.
- Revenue surged 63%, beating expectations by $90 million.
- Commercial revenue jumped 121% to $397 million.
- Palantir guided Q4 revenue to $1.33 billion, above Wall Street’s $1.19 billion estimate.
- The company holds $6.4 billion in cash and zero debt.
- Market cap now sits at $488 billion, surpassing Disney and Starbucks combined.
PLTR Stock Scorecard: What Broke the Internet
- Market Cap: $488B
- Revenue: $1.18B, beat by $90M
- US Commercial: +121% to $397M
- Rule of 40: 114 (strong balance of growth and margin)
- Q4 Outlook: $1.33B projected revenue
- Full-Year Update: $4.4B revenue, $2B free cash flow
- Cash: $6.4B, no debt
The Big Contracts Driving the Buzz
Three major deals fueled this quarter’s hype:
- Lear Corp case study: the automaker reportedly saved $30 million in just 90 days, a post that quickly went viral online.
- $10 billion U.S. Army contract: analysts note that even a small slice of the Department of Defense budget could multiply Palantir’s government revenue several times over.
- NATO AI partnership: Europe is finally stepping up with big payments for Palantir’s defense software.
Why the Stock Swung Wildly
After earnings dropped, the stock saw wild swings: +7% at 5 PM, –4% by 6:30 PM, and +2.7% pre-market the next morning. Traders call it the “volatility tax.”
The reason? Palantir trades at 85× sales, the highest in the S&P 500. When a company is valued this high, even a great quarter can trigger profit-taking.
Market Sentiment: The Social Pulse
Over the past 72 hours, 68% of posts have been bullish, 21% bearish, and 11% neutral. The community is split between those calling it “the next Nvidia” and others warning of an “AI bubble.”
Bulls vs. Bears: Quick Breakdown
| Bulls Say | Bears Say |
|---|---|
| 121% commercial growth | 85× sales is overvalued |
| $2B free cash flow forecast | Government deals can stall |
| Major contracts with NATO and U.S. Army | One bad quarter could cause a 30% drop |
What to Watch Next
Options expire this Friday, and $190 has become a key support level. If the stock holds above $200, traders expect a move toward $220 by Thanksgiving. But if it slips under $190, expect a wave of bearish sentiment online.
PLTR Stock The Bottom Line
Palantir didn’t just beat earnings it turned an ordinary Monday into a market spectacle. The company’s growth story remains powerful, but valuation pressure is real.
Watch $200 closely. Tune out the noise, focus on the data, and remember—momentum stocks cut both ways. Current price: $206.42 and ticking.
