Palantir Stock Rises 4%, Hitting a New High. Mizuho Ups Palantir Price Target Amid Strong Performance

Tiger Newspress06-11

Palantir Technologies Inc. stock rose 4% in Wednesday trading, hitting a new high.

Mizuho has increased its price target for Palantir from $94 to $116 while maintaining an Underperform rating. This adjustment is based on the company's robust recent performance and significant upward revisions, as well as a rise in comparable multiples. The revised target is underpinned by projected enterprise value to sales multiples for 2025 and 2026, which are approximately 80-times and 65-times, respectively.

Moreover, the new target suggests a substantial six-times premium compared to the median of its enterprise software peers for the upcoming year. This premium reflects Palantir's strong strategic position with key clients and its potential for accelerated growth in the future.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment