Palantir price target raised to $205 from $165 at Mizuho

Mizuho raised the firm’s price target on Palantir (PLTR) to $205 from $165 and keeps a Neutral rating on the shares. The company reported a “stellar” Q3 with 63% year-over-year revenue growth, the analyst tells investors in a research note. The firm says Palantir’s recent execution “has been stunning, with material upward revisions across Commercial and Government..” However, Mizuho believes the stock’s multiple of 64-times estimated 2027 revenue “remains extreme, dramatically above anything else in software.”