Overview
- Palantir rose as much as 6% intraday after Mizuho moved the stock to outperform and kept a $195 price target, implying roughly 47% upside from Tuesday’s close.
- Mizuho highlighted sales growth and margin expansion as “unlike anything else in software” and called Palantir’s AI offering “a category of one.”
- Freedom Capital Markets issued a rare double upgrade days earlier, raising its rating from sell to buy with a $170 target.
- Buy ratings have increased quickly, with 13 of 27 analysts now at buy or strong buy versus 6 of 26 in late January.
- Recent upgrades cite accelerating adoption of Palantir’s Artificial Intelligence Platform, which helped drive a record $1.3 billion in U.S. commercial contract value in the latest quarter, up 67% year over year.