Mizuho analyst Gregg Moskowitz boosted the company’s numbers price target on Palantir (PLTR) from $37 to $44 and maintains an Underperform rating on the stock as part of the 2025 outlook for the software group. The company raised price targets for several businesses, largely reflecting recent increases in comp multiples. The company believes the key trends that will benefit software providers today and in the future are digital transformation, generative artificial intelligence, data and analytics, contact center cloud migrations, DevOps and next-generation security. Mizuho believes that the sector’s risk/reward will be more balanced by 2025, but is still attractive overall.
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