New York, Feb 18, 2026, 09:02 EST — Premarket
- Palantir shares climbed in premarket trading after Mizuho bumped the stock up to Outperform.
- Palantir has shifted its headquarters to Miami, leaving Denver behind.
- Traders are eyeing whether the move sticks once the opening bell rings.
Shares of Palantir Technologies climbed 1.3% to $133.02 before the bell on Wednesday. Mizuho bumped the data analytics name up to Outperform from Neutral, sticking with its $195 price target. The firm described Palantir as “in a category of one,” arguing the “risk/reward is now attractive” following a valuation reset. Investing
The call comes as investors wrestle with how to value Palantir beyond just being another “AI trade”—a stock that surges or sinks at the first whiff of sentiment. Even after last year’s run of bullish growth stories that turned it into a market darling, shares are off roughly 25% in 2026. Investopedia
There’s another headline grabbing attention. Palantir on Tuesday announced it’s now based in Miami, Florida. The company didn’t elaborate, simply stating: “We have moved our headquarters to Miami, Florida.” KXLH News Helena
Palantir has tumbled hard this year, enough that upgrades have started to make a difference. Investors.com noted the stock hit a high of $207.52 in November, then slid back.
Mizuho flagged a pickup in U.S. commercial interest for Palantir’s AIP (Artificial Intelligence Platform) and noted that fears over “multiple reversion”—that’s Wall Street code for stretched valuation multiples coming back to earth—have subsided following the stock’s sharp multiple reset. Investing
Palantir’s last investor update came Feb. 2, with fourth-quarter revenue landing at $1.407 billion. For 2026, the company projected revenue between $7.182 billion and $7.198 billion, and said it expects U.S. commercial revenue to top $3.144 billion.
CEO Alex Karp claimed Palantir stands “alone” in its push to scale operational leverage through new AI models. The company also highlighted a “Rule of 40” score of 127% — that’s revenue growth plus adjusted operating margin. SEC
Traders are watching to see if the upgrade actually draws in fresh buyers—or if it’s just shorts scrambling to cover at the open. Should the stock lose its early pop, expect the Miami move to get shrugged off as a distraction, with the focus snapping back to valuation debates.
The risk here is well-known. Palantir remains valued as if it’s still in high-growth mode, but software names with lofty multiples can see sharp corrections if investors get skittish or commercial wins slow down. A slip in government demand would only add to the pressure.
