Northland Securities raises Q2 2026 earnings forecast for Palantir to $0.25 per share after strong first-quarter results

Northland Securities lifted its Q2 2026 earnings estimate to $0.25 per share from $0.22 and maintained an Outperform rating with a $190 price target, according to a May 5 research note.

Palantir reported first-quarter earnings of $0.33 per share, topping analyst expectations of $0.28. Revenue rose 84.7% year over year to $1.63 billion, ahead of the $1.54 billion consensus estimate. The company posted a net margin of 43.67% and return on equity of 28.34%.

Despite the strong quarterly performance, Palantir shares traded near $137.80 on Monday, below their 52-week high of $207.52, as investors weighed valuation concerns. The company trades at roughly 155 times trailing earnings with a market capitalization of about $329.6 billion.