((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Nov. 4 – **Shares of Palantir Technologies PLTR.N fell 0.7% to $41.63 as the data analytics company is expected to report Q3 results after the bell, and expected to test a lofty valuation
** For the September quarter, Wall Street expects the company to post revenue of $701.1 million, up 25.6% year-over-year, and adjusted EPS of 9 cents , compared to 7 cents the previous year, according to LSEG data
** PLTR has jumped about 75% since the Q2 report, when the company raised its annual forecast for the second time this year, due to the generative AI boom driving demand for its software services
**In September, Co joined the S&P 500 .SPX. Its stock has gained ~140% since the start of the year and is the third best performer in the benchmark index, behind Vistra VST.N’s ~200% gain and Nvidia NVDA’s ~180% advance .O
**PLTR trades at ~100x next twelve months’ earnings versus a two-year average of ~62x, according to LSEG
** 20 analysts cover PLTR and the distribution of recommendations is as follows: 4 “strong buy” or “buy”, 10 “hold” and 6 “sell” or “strong sell”
**Median price of $29.51 implies a 30% downside from the stock’s current levels
**PLTR options imply a 13.6% move for stocks, one way or the other by Friday, according to Trade Alert data; the stock has seen an average move of 17.1% the day after earnings over the past eight quarters
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