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% YTD

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 an 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 it to become one of the best performers on the S&P 500 this year