Mizuho, Baird Lift Palantir Targets as Shares Lose 7.2%

Palantir Technologies (PLTR) shares fell 7.22% Friday as Mizuho and Baird raised their price targets to $245 and $250, leaving both estimates well above the stock’s latest close. The Nasdaq-listed shares ended Friday, Oct. 16, at $186.03, down $14.47 by the 4 p.m. ET (20:00 UTC) close. Gregg Moskowitz, a Mizuho analyst, lifted his target to $245 from $215 on Thursday, Oct. 15, and kept an Outperform rating. He described Mizuho’s third-quarter channel checks as “very healthy overall.” Baird analyst William Power raised his target to $250 from $200 on Monday, Oct. 12. Measured against the Oct. 16 close, Mizuho’s target is about 32% higher and Baird’s is about 34% higher. The targets concern Palantir’s common shares, not Binance’s PLTRUSDT contract, which is a separate instrument.

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