Investors are increasingly considering the possibility of a stock split for Palantir Technologies (PLTR), according to Wall Street analyst Rishi Jaluria, in light of a recent earnings preview ahead of the company’s report scheduled for November 3. Palantir’s stock has experienced a remarkable surge, climbing 151% in 2025 and reaching a record high of 192.83 before experiencing a minor dip to 188.40.
Jaluria’s analysis suggests that while interest in a stock split has waned slightly from the previous quarter, it remains a key topic among retail investors as they await the earnings report. Historically, several tech companies, including Arista Networks, Palo Alto Networks, Nvidia, and Broadcom, executed stock splits in 2024, with Nvidia implementing a 10-for-1 split in June.
Despite the strong performance, Jaluria expressed concern about Palantir’s hesitation to return capital to shareholders, particularly in light of its substantial $6 billion cash reserve. He currently holds an underperform rating on the stock, indicating caution amid investor sentiment.
Expectations for Palantir’s upcoming earnings report are high, with analysts forecasting a revenue increase of over 50%, reaching approximately $1.092 billion. Over the last four quarters, the company has seen sales growth rates of 30%, 36%, 39%, and 48%, reflecting a strong upward trend.
Analyst Tyler Radke from Citi also anticipates a strong performance for Palantir in Q3, although he advises caution regarding future guidance. Positive feedback from recent checks with partners, including Oracle and Snowflake, points to an increase in collaborative deals. However, Radke expects a slight pullback in fiscal guidance following a remarkable performance last quarter.
The excitement around Palantir’s stock is buoyed by perceptions of its potential to secure more U.S. government contracts, particularly in the current political landscape. Moreover, retail investor enthusiasm for opportunities in generative artificial intelligence has added to the stock’s momentum, although revenue from commercial operations has yet to see a significant increase.
On the technical side, Palantir’s stock boasts a strong Relative Strength Rating of 97 out of a maximum of 99. However, its Accumulation/Distribution Rating stands at C, indicating neutral conditions based on price and volume changes over the past 13 weeks, reflecting a balanced investor sentiment.
As the upcoming earnings report approaches, the combination of investor expectations and the company’s strong performance could position Palantir for further growth.