Is Palantir stock a ‘Buy’, ‘Sell’, or ‘Hold’ ahead of November earnings?
Photo: Finbold
Early on Wednesday, October 28, RBC Capital’s Rishi Jaluria came out as one of the few remaining bears on Palantir (NASDAQ: PLTR ) stock ahead of the software giant’s third-quarter (Q3) earnings report, scheduled for Monday, November 2. Overall, the Wall Street analyst considers PLTR shares exceptionally expensive relative to both the 2026 and 2027 revenue estimates, trading at sixty-one and forty multiples, respectively. Additionally, the expert from RBC Capital assessed that the growing investor focus on dividends, buybacks, and stock splits can easily turn into a headwind as Palantir boasts a roughly $9 billion cash balance.
Source: Finbold
