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Investing.com - Mizuho has raised its price target on Palantir Technologies Inc. (NASDAQ:PLTR) to $205.00 from $165.00 while maintaining a Neutral rating following the company’s third-quarter earnings report.
The data analytics firm delivered what Mizuho described as "stellar" third-quarter results, highlighted by 63% year-over-year revenue growth that exceeded expectations by 830 basis points, surpassing the previous quarter’s 690 basis point outperformance.
Palantir’s revenue growth was primarily driven by accelerating demand for its Artificial Intelligence Platform (AIP), prompting management to raise its 2025 guidance by significantly more than the third-quarter beat.
Mizuho acknowledged Palantir’s "stunning" recent execution, with material upward revisions across both Commercial and Government segments, while noting the stock’s current multiple of 64 times 2027 revenue remains "extreme" and "dramatically above anything else in software."
The firm believes Palantir is increasingly well-positioned to benefit from long-term trends in AI, government digital transformation, and industrial modernization, with the new $205 price target reflecting 66 times estimated calendar year 2027 revenue.
In other recent news, Palantir Technologies reported its third-quarter 2025 earnings, significantly outperforming Wall Street projections. The company posted an earnings per share (EPS) of $0.21, surpassing the forecasted $0.17, which represents a 23.53% surprise. Additionally, Palantir’s revenue reached $1.181 billion, exceeding the anticipated $1.09 billion, marking an 8.26% surprise. RBC Capital responded to Palantir’s strong quarterly performance by raising its price target from $45.00 to $50.00, although it maintained an Underperform rating on the stock. The firm noted Palantir’s impressive revenue growth of 63% year-over-year. These developments indicate a positive trajectory for the company, as reflected in the raised price target and strong earnings report.
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