Palantir (PLTR) Price Target Increased to $116 Despite Underperform Rating

Reported 2 days ago

Palantir Technologies Inc. (NASDAQ:PLTR) has seen its price target raised from $94 to $116 by Mizuho, despite maintaining an 'Underperform' rating. This adjustment follows positive remarks from company executives at a recent technology conference and reflects Palantir's strong recent performance, along with significant upward revisions. The new target is based on projected EV/Sales multiples for 2025 and 2026, highlighting the company's strategic positioning and growth potential.

Source: YAHOO

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