Palantir earnings are out soon. Here's what Wall Street analysts expect to see

Software and data analytics giant Palantir Technologies , one of the hottest stocks of the year, has high expectations to beat when its earnings come out after Monday's closing bell. The consensus Wall Street view is that Palantir stock appears overvalued. Analysts polled by LSEG have an average price target of $154.93, which implies more than 24% potential downside ahead. Of the 26 analysts that cover the name, 17 rate it a hold, while four give it a buy and two a strong buy. Shares of Palantir have soared about 172% year to date and reached a 52-week high on Monday ahead of results. The company's tear since its public debut five years ago , along with its reliance on contracts with the U.S. government, has raised some eyebrows about the stock can keep climbing. PLTR 1Y mountain Palantir