Palantir price target raised to $18 from $16 at Mizuho

Mizuho analyst Matthew Broome raised the firm’s price target on Palantir Technologies to $18 from $16 and keeps a Neutral rating on the shares. The company reported “generally good” Q4 results, with signs of growing artificial intelligence momentum, “although there were some puts and takes,” the analyst tells investors in a research note. The firm cites growing momentum for the U.S. Commercial business and improving profitability for the target increase, but says Palantir’s execution remains “uneven.”