This former Palantir bear changed his tune on the stock. Here’s why. - MarketWatch

1. Mizuho upgraded PLTR from underperform to neutral citing strong momentum. 2. Palantir's stock has risen 400% in the past year. 3. Analysts predict commercial revenue growth exceeding 68% for PLTR this year. 4. Government contracts contribute 42% of revenue, showing robust growth potential. 5. Valuation concerns persist with multiples significantly higher than industry averages.