Mizuho Labels Palantir a “Category of One” with $195 Target After 46% EV/FCF Drop
On February 18 Mizuho upgraded Palantir from Neutral to Outperform with a $195 price target, praising its revenue growth, accelerating performance and margin expansion as a “category of one.” Its estimated 2026 EV/FCF multiple contracted 46% in the first six weeks, creating a more attractive risk/reward profile.
1. Mizuho Upgrades Palantir to Outperform
On February 18 Mizuho analyst Gregg Moskowitz raised Palantir from Neutral to Outperform and set a $195 price target, highlighting the company’s unique blend of revenue growth, accelerating performance and margin expansion. The firm described Palantir as a “category of one,” underlining its AI software leadership and de-risked valuation.
2. Significant EV/FCF Multiple Contraction
Palantir’s estimated 2026 enterprise value-to-free-cash-flow multiple has fallen 46% in the first six weeks of the year, reflecting a pronounced de-rating. This sharp contraction suggests much of the downside risk may be priced in, potentially enhancing upside for long-term investors.