Mizuho starts Palantir at Neutral with near-term outlook ‘uncertain’

As previously reported, Mizuho analyst Matthew Broome initiated coverage of Palantir with a Neutral rating and $7 price target. While he expects ongoing global disruptions can help to further catalyze adoption of Palantir’s "unique" software, growth across both its government and commercial businesses has slowed and an uncertain macro environment makes meaningful near-term reacceleration "much more difficult," Broome tells investors.