Mizuho: Reiterated A Neutral Rating on Palantir And $165 Price Target
Love it or hate it, there's nothing else like Palantir Technologies stock.Shares have skyrocketed 127% this year thanks to Palantir's exposure to the artificial-intelligence market. The stock has a dedicated base of retail investors who continue to sing its praises despite its hyperinflated valuation.And while Palantir's "uniqueness" deserves credit, now isn't the time to Buy, according to Mizuho analysts, who reiterated a Neutral rating and $165 price target in a note Monday. Shares were down 2% at $168.07 in Monday trading.Mizuho recently met with Palantir executives for a demo of Palantir Ontology, the foundational layer of its platforms. The firm also got a look at AI tools such as AI Forward Deployed Engineers, which take on more of the traditionally manual work.However, analysts have noted that revenue attributed to nongovernment clients has steadily been growing. In the second quarter, Palantir's commercial segment saw 93% growth year-over-year and 20% sequentially, compared wit
