Wall Street analyst upgrades Palantir's stock price, but with caution

Group 1 - Palantir (NASDAQ: PLTR) reached a record high of $150, with a slight pullback to $148.58 at press time [1] - Mizuho analyst Gregg Moskowitz upgraded Palantir to 'Neutral' from 'Underperform' and raised the price target to $135 from $116, indicating an 8.7% potential decline from current levels [3] - Palantir is expected to accelerate revenue growth for the fifth consecutive quarter when it reports Q2 results in early August [3] Group 2 - Moskowitz highlighted Palantir's unique position to benefit from long-term trends in artificial intelligence (AI), government digital transformation, and industrial modernization [4] - Despite positive outlooks, concerns were raised about Palantir's valuation being significantly higher than other software companies, making it susceptible to a potential pullback [5] - Wedbush Securities raised its price target for Palantir to $160 from $140, maintaining an Outperform rating, citing strong momentum from AI initiatives and federal spending [6] Group 3 - Wall Street analysts remain cautious, with an average 12-month price target of $106.71, approximately 28% below current levels [7] - Among 16 analysts, three rated the stock a 'Buy', nine recommended 'Hold', and four suggested 'Sell', reflecting a consensus 'Hold' rating [9]