Palantir Technologies (PLTR) stock has soared 96% year-to-date, gaining strong support from both government and private customers. The company is expected to report its second-quarter earnings early next month. Wall Street expects PLTR to report EPS of $0.14 on revenues of $937.5 million in Q2. Ahead of the results, one of Wall Street’s Top analysts, Gregg Moskowitz of Mizuho, has upgraded the stock from Underperform to Neutral and raised the price target to $135, up from $116.
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Analyst Sees Strong Growth Ahead, but Valuation Is High
Moskowitz said Palantir has delivered strong results in recent quarters, with business picking up in both its commercial and government units. He credited rising demand for the company’s AI tools and data platforms as a key driver.
He noted that Palantir’s Q1 results were ahead of his estimates. With steady gains across its core business, he now expects the company to post its “5th consecutive quarter” of revenue growth when it reports Q2 earnings in early August.
Moskowitz also pointed to Palantir’s growing presence in AI, government tech upgrades, and industrial automation. He believes these trends could support further growth ahead.
While he praised Palantir’s progress and strong execution, he warned that the stock’s valuation is now far above most software names. If growth slows, the shares could face pressure.
Is Palantir a Good Stock to Buy?
Turning to Wall Street, analysts have a Hold consensus rating on PLTR stock, based on three Buys, nine Holds, and four Sells assigned in the last three months. The average Palantir share price target is $106.71, which implies a potential downside of 28.2% from current levels.
