BUZZ-Palantir gave an optimistic revenue forecast, but its stock price dropped.

November 3 - ** Data analytics software provider Palantir Technologies (PLTR.O) shares fell 6% in premarket trading to $167.65

** The company's third-quarter results exceeded expectations, and it forecast that revenue in the final three months of this year would be above analysts' (link) expectations, driven by sustained demand for its data analytics software from both U.S. government and commercial clients

** JPMorgan stated that the company has built a leading artificial intelligence platform, integrating AI, software, and workflows to help commercial and government clients optimize their operations

** "Demand for the company's AI-driven transformation platform (and Sovereign AI) is accelerating, while applications for Sovereign AI are still in the 'early stages,'" the broker said

** PLTR expects fourth-quarter revenue to be between $2.649 billion and $2.653 billion, exceeding the anticipated $2.46 billion, according to data compiled by LSEG

** An average of 36 analysts give the stock a "buy" rating; the median target price is $230, according to LSEG data

** As of the close of the previous trading day, the stock had gained 0.33% so far this year

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