Palantir stock falls, why are analysts bullish on the stock

Palantir Technologies shares have delivered relatively modest gains this year despite strong revenue growth, but analysts expect the artificial intelligence software company to maintain its momentum ahead of its third-quarter earnings report. JPMorgan initiated coverage of Palantir with an Overweight rating and a December 2027 price target of $262, implying potential upside of about 33% from Wednesday's closing price of $196.81.