Mizuho Boosts Palantir’s Price Target to $135 Ahead of Q2 Earnings
- Rating
- Neutral
- Unchanged
- Target
- $135
- from $116 (+16%)
- Outcome
- Reached
- on February 5, 2026
What the analyst said
Sky-High Valuation, but Robust Growth Story Appears Intact; Upgrade to Neutral
“PLTR’s recent execution and momentum is stunning, including material upward revisions across its commercial and government segments that we very much underestimated. We also believe PLTR has a legitimate chance to accelerate revenue growth for a 5th consecutive quarter when reporting 2Q results in early August.
That said, we are equally stunned by the multiple that PLTR has attained, which places its valuation dramatically above anything else in software.
While we continue to worry that the shares could suddenly be subject to material multiple reversion at some point over the next few quarters, PLTR’s uniqueness demands a great deal of credit.
And looking forward, PLTR appears very well-positioned to benefit from long-term trends in AI, government digital transformation, and industrial modernization.
While we see many more compelling names to own in software at these levels, we upgrade PLTR to Neutral from Underperform and raise our PT to $135 (from $116).”
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Where the price stands
PLTR trades at $176. The 17 analysts who set a target in the last 3 months range from $130 to $265, with a median of $250. This $135 target is 46% below the median.
Since the note PLTR has moved +18% (from $149). The 12-month window closed on July 16, 2026.
Track record
This call✓ Target reached on February 5, 2026, 7 months after the note.
Firm track recordMizuho: 88% of its 68 targets at least a year old were reached within 12 months (#2 of 26 firms); on Palantir, 3 of 5. Accuracy ranking →
Mizuho on Palantir
Mizuho price targets on Palantir
8 calls from February 4, 2025 to February 3, 2026. The target went from $80 to $195 (+144%). The rating moved from Sell to Hold.
- February 3, 2026Target cut from $205 (−5%)Hold$195
- November 4, 2025Target raised from $165 (+24%)Hold$205
- September 15, 2025Kept the $165 targetHold$165
- August 5, 2025Target raised from $135 (+22%)Hold$165
- July 16, 2025 This noteUpgraded to Hold, target raised from $116 (+16%)Hold$135
- June 11, 2025Target raised from $94 (+23%)Sell$116
- May 6, 2025Target raised from $80 (+18%)Sell$94
- February 4, 2025Earliest call shownSell$80
