Mizuho Raises Palantir Technologies (PLTR) Price Target to $245

Mizuho has reiterated its Outperform rating on Palantir Technologies Inc. (PLTR) on October 15, 2026, raising its price target from $215 to $245. This comes as the company's shares recently traded around $185.81 as of October 16, 2026.

Other Institutional Activity in Palantir Technologies

Several other institutional investors have shown interest in Palantir. Blackrock Inc. holds 189,817,693 shares valued at about $35.3 billion, with a 0.4% increase in shares. Vanguard Capital Management LLC has 146,137,514 shares worth approximately $27.2 billion, up by 0.9%. State Street Corporation increased its stake by 2.8%, ending with 104,490,468 shares valued at around $19.4 billion. Invesco Ltd. also added 1,462,296 shares, bringing its total to 70,438,517 shares worth about $13.1 billion. However, Geode Capital Management reduced its holdings by 536,365 shares, now holding 55,334,968 shares valued at $10.3 billion.

Palantir Technologies Inc. Stock Down 7.4%

Palantir's shares are currently trading above their 50-day moving average of $181.13 by about 2.6% and 21.8% above the 200-day moving average of $152.54. However, they are 12.7% below their 52-week high of $212.94. The stock is also 10% below the mean analyst target price of $206.43, indicating that investors see potential for growth.

Recent Earnings

Palantir reported trailing twelve-month revenue of approximately $6.16 billion, with an EPS of $1.16. The company has shown impressive growth with a 92.8% year-over-year revenue increase and a 49% net margin. The next earnings report is scheduled for November 2, 2026, which will provide further insights into its financial performance.

Insider Buying and Selling at Palantir Technologies Inc.

Recent insider activity shows several sales. Lauren Elaina Friedman Stat, a Director, sold 1,337 shares on October 1, 2026, at an average price of $189.95, totaling $253,963. Officer Ryan Douglas Taylor sold 18,000 shares on October 8, 2026, at $201.15, valued at $3,620,700. On the same day, Friedman sold another 5,026 shares at $199, totaling $1,000,174. Director Eric H Woersching also sold 1,000 shares on October 9, 2026, at $205, for a total of $205,000.

Analysts Set New Price Targets

In addition to Mizuho's recent action, other analysts have also updated their ratings. On September 15, 2026, UBS maintained a Buy rating with a target of $250. Rosenblatt also maintained a Buy rating with a target of $225 on September 23, 2026. Goldman Sachs upgraded its rating to Buy with a target of $230 on October 8, 2026. Barclays initiated coverage with an Overweight rating and a target of $265 on October 9, 2026. The consensus among analysts is a Buy rating with a mean price target of $206.43 from 26 analyst opinions.

About Palantir Technologies

Palantir Technologies Inc. builds software platforms primarily for government and commercial clients, focusing on data analytics and operational support. The company assists in counterterrorism and defense efforts in the U.S. and abroad. As Palantir continues to grow, the recent analyst ratings suggest that Wall Street has a positive outlook on its future performance.

Bottom Line

Investors should keep an eye on Palantir's upcoming earnings report on November 2, 2026, which could provide more details on its growth trajectory. Mizuho's reiterated rating and updated price target could influence market sentiment as analysts continue to express confidence in the company's prospects.