BUZZ-Palantir hits record high after Mizuho raises price target

Reuters06-11

BUZZ-Palantir hits record high after Mizuho raises price target

** Palantir Technologies PLTR.O rise 3.6% to $137.68, hitting a record high, on Wed after Mizuho analysts raised their price target on the defense software contractor

** PLTR is on track for the fourth straight session of gains and is now up ~82%

** PLTR's stronger momentum in net new commercial logos is being aided by a continued positive impact of its artificial intelligence platform $(AIP)$ boot camps, and a broader customer appreciation of the company's value proposition, said Mizuho analyts led by Greg Moskowitz in a investor note

** Mizuho is hosting a technology conference in New York from Jun. 10-11, with Palantir CFO David Glazer participating

** Mizuho raised its PT to $116 from $94

** Among 24 analysts that cover PLTR, avg rating is "hold" and median PT is $103.60, up from $95.96 a month ago

** PLTR's AI platform has helped it gain momentum with customers and investors, allowing to become one of the best performers on the S&P 500 this year

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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