Palantir upgraded to Outperform from Neutral at Mizuho

Mizuho upgraded Palantir (PLTR) to Outperform from Neutral with an unchanged price target of $195. The firm says the company is delivering total revenue growth, acceleration, and margin expansion “at scale that is unlike anything else in software.” With Palantir’s valuation multiple having fallen 46% in the first six weeks of 2026, a valuation de-rating has occurred, making the risk/reward attractive, the analyst tells investors in a research note. Mizuho cites Palantir’s “spectacular” growth, expanding margins, and “newly attractive” risk/reward for the upgrade.