June 11-** Palantir TechnologiesPLTR.OIt rose 3.6% to $137.68 on Wednesday, a record high, after Mizuho analysts raised their price targets for the defense software contractor.
PLTR rose for the fourth consecutive trading day, with a cumulative increase of approximately 82%.
In an investor note, Mizuho analysts led by Greg Moskowitz stated that PLTR's strong momentum in new business identities is attributed to its artificial intelligence platform.$(AIP)$The continued positive impact of the boot camp, as well as broader customer recognition of the company's value proposition.
** Mizuho will host a technology conference in New York on June 10-11, with Palantir CFO David Glazer in attendance.
** Mizuho raises its price forecast from $94 to $116
** Among the 24 analysts covering PLTR, the average rating is "Hold" and the median forecast price is $103.60, up from $95.96 a month ago.
PLTR's artificial intelligence platform has helped it gain favor with customers and investors, making it the best performer in the S&P 500 this year.Links)。
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