Analyst Gregg Moskowitz from Mizuho Securities reiterated a Hold rating on Palantir Technologies and keeping the price target at $165.00.
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Gregg Moskowitz has given his Hold rating due to a combination of factors influencing Palantir Technologies. The company has shown impressive execution with significant upward revisions in both its Commercial and Government sectors. However, the stock’s valuation remains exceptionally high compared to other software companies, which poses a risk of potential reversion in the coming quarters.
Despite the high valuation, Palantir’s unique position and capabilities in AI, government digital transformation, and industrial modernization are acknowledged. The company’s foundational Ontology platform and developer tools, including AI Forward Deployed Engineers, provide a robust framework for data integration and automation. These strengths position Palantir well for long-term growth, yet the current market valuation justifies a cautious Hold rating.
According to TipRanks, Moskowitz is a 4-star analyst with an average return of 3.6% and a 53.51% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Salesforce, Adobe, and Atlassian.
In another report released on September 8, UBS also maintained a Hold rating on the stock with a $165.00 price target.