Mon Nov 04 20:50:00 UTC 2024: ## Palantir’s Q3 Earnings on Tap as Cathie Wood Cuts Stake

**New York, November 2, 2024** – Data analytics company Palantir Technologies Inc. (PLTR) is set to announce its third-quarter earnings on Monday, November 4th. Wall Street analysts anticipate earnings per share of 9 cents and revenue of $701.13 million.

However, a recent move by renowned investor Cathie Wood has added a layer of uncertainty to the upcoming earnings report. Wood’s Ark Invest sold off 227,699 shares of Palantir, valued at $9.46 million, just days before the company’s Q3 earnings release. This follows a similar divestment in Tesla, fueling speculation that Wood may be adopting a more cautious outlook on growth stocks.

Despite Wood’s move, Palantir stock has seen significant growth, up 126.11% over the past year and 152.83% year-to-date.

**Technical Analysis:**

While short-term indicators show slight selling pressure, long-term trends suggest potential upside momentum for Palantir stock.

**Analyst Opinions:**

The consensus analyst rating on Palantir stock remains at Neutral, with a price target of $23.81. However, recent ratings from Mizuho, Wedbush, and BofA Securities suggest an average price target of $41.67, indicating a modest upside of 0.64%.

**Investor Outlook:**

As Palantir prepares to release its third-quarter earnings, investors are left to navigate the conflicting signals. Wood’s recent divestment suggests potential concerns, while Wall Street’s cautiously optimistic outlook offers a contrasting perspective.

**Disclaimer:** This news article is for informational purposes only and does not constitute financial advice.

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