Shares of Palantir Technologies (PLTR) are under pressure as analysts set their expectations ahead of the third-quarter earnings report, scheduled for Monday after the market close. Analysts are more pessimistic than optimistic about the company’s ability to sustain its recent stock gains.

According to Visible Alpha, out of the 12 analysts tracking Palantir, only two anticipate further growth in the company’s stock. Their price targets range from $16 to $50, with an average estimate of $27.55, suggesting a potential 34% drop from Friday’s closing price of $41.92.

Analyst sentiment is cautious, driven by doubts over whether Palantir can maintain its growth momentum, despite strong demand for its artificial intelligence platform.

In the second quarter, Palantir exceeded analyst expectations and raised its annual forecast, reporting a 27% year-over-year revenue increase. Consensus forecasts predict third-quarter revenue growth of 26% to $704.9 million, with earnings per share at 5 cents, up from 3 cents a year earlier.

Since September, when news broke that Palantir would join the S&P 500 index, shares have risen nearly 40% and more than doubled in value since the start of the year.