Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 22.9% in the morning session after the company reported a "beat and raise" quarter. Third-quarter results blew past analysts' revenue and EBITDA expectations.

Palantir Technologies Inc (NYSE:PLTR) shares are in the spotlight Monday ahead of earnings after the bell. Here’s what you need to know before the report. What To Know: Palantir is scheduled to report financial results for the third quarter after the market close on Monday.

Palantir Technologies shares rocketed higher Tuesday after earnings results comfortably beat expectations. Many analysts are wary the analytics software provider is overvalued.

Palantir Technologies has been a beneficiary of the AI trend, and that has been reflected in its soaring stock price. The company's financial results surpassed the market's lofty expectations. Some investors will shy away from the stock due to its frothy valuation.