JPMorgan sets Palantir (PLTR) stock price target for 12 months

As Palantir Technologies Inc. (NASDAQ: PLTR ) prepares to report its third quarter (Q3) 2026 earnings on Monday, November 2, 2026, Brian Essex, a Wall Street analyst at JPMorgan Chase & Co. (NYSE: JPM ), expects a bull run to a new all-time high (ATH) over the next 12 months. On Thursday, October 29, Essex initiated coverage on Palantir stock with an ‘Overweight’ rating and a 12-month price target of $262. As a result, the analyst implied a possible 31.98% rise over the next 12 months. The bullish thesis is anchored in Palantir’s accelerating operational momentum, amid renewed demand for artificial intelligence ( AI ). Furthermore, the bank highlighted the company’s 12 consecutive quarters of revenue growth that reached 93% year-over-year to $1.93 billion.

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