Mizuho analyst Gregg Moskowitz upgraded Palantir Technologies to Outperform from Neutral. Moskowitz maintained a $195 price target for the stock. The analyst cited an attractive risk-reward profile following a recent share price decline. The upgrade highlights Palantir's strong revenue growth and expanding margins. More than half of Wall Street analysts now hold a buy-equivalent rating on the company.
Palantir also entered a strategic partnership with Rackspace Technology (RXT). The collaboration aims to accelerate deployment of the Foundry and Artificial Intelligence Platform (AIP) for commercial clients. Rackspace will provide implementation, data migration, and managed operations. Palantir shares traded higher in the pre-market session following these announcements.