Palantir’s ’Stunning’ Execution Still Not Enough for Mizuho to Upgrade PLTR Stock from Hold Rating

Palantir keeps delivering knockout performance—but Wall Street's love affair remains strictly platonic.

Mizuho analysts just watched PLTR execute what many are calling a 'masterclass' in operational excellence... and responded with a collective shrug. The hold rating stands firm, untouched by mere excellence.

When flawless execution meets institutional skepticism

The data analytics giant continues crushing benchmarks while analysts maintain their cautious stance. It's the financial equivalent of bringing a Ferrari to a go-kart race and still getting parking tickets.

Street analysts: perpetually waiting for the 'right moment' to upgrade while missing the entire rally. Some things never change—neither do their price targets.

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Mizuho Analyst Weighs in on PLTR Stock

Moskowitz highlighted PLTR’s product demo, which showcased Palantir Ontology —the foundational LAYER of the company’s platforms —along with AI Forward Deployed Engineers (FDEs) and developer tools that “enable rapid customization and support mission-critical decision-making.”

The analyst contends that the PLTR platform’s extensive developer and automation tools are underappreciated. Furthermore, CFO Glazer indicated that individual developers are increasingly signing up for the platform, which Moskowitz believes will drive broader adoption of PLTR’s offerings. Moreover, Mizuho’s recent checks have revealed that inbound interest from enterprises continues to increase.

Overall, Moskowitz believes that PLTR is well-positioned to gain from AI tailwinds, government digital transformation, and industrial modernization. However, he currently prefers to be on the sidelines on PLTR stock as its multiple continues to be “extreme, dramatically above anything else in software.”

Is PLTR a Good Stock to Buy?

Currently, Wall Street has a Hold consensus rating on Palantir Technologies stock based on 13 Holds, four Buys, and two Sell recommendations. The average PLTR stock price target of $154.47 indicates a possible downside of about 9% from current levels. Palantir stock has rallied 123% year-to-date.