Mizuho Upgrades Palantir to Outperform, $195 Target After 46% Valuation Reset
Mizuho upgraded Palantir to Outperform from Neutral after noting a 46% decline in its 2026 estimated EV/FCF multiple over six weeks, deeming the current risk/reward “attractive.” The firm reiterated its $195 price target, highlighting surging U.S. commercial AIP adoption driving accelerating revenue growth and margin expansion.
1. Mizuho Upgrade
Mizuho raised Palantir to Outperform from Neutral, citing a rare combination of rapid revenue growth, accelerating momentum and expanding margins at scale. Analysts labeled the company “in a category of one” among software peers.
2. Valuation Reset and Price Target
The upgrade followed a 46% drop in Palantir’s 2026 estimated EV/FCF multiple during the first six weeks of the year, which Mizuho said improved risk/reward. The firm reaffirmed its $195 price projection.
3. US Commercial AI Momentum
Strong adoption of Palantir’s Artificial Intelligence Platform in the US commercial segment underpins growth, with enterprises increasingly integrating internal data. Mizuho highlighted this surge as key to sustained revenue acceleration.