Bank of America Raises Palantir Price Target to $255, Sees 50% Upside

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โดย GuruFocus·US·Read original
Summary · why it matters

Bank of America reiterated its Buy rating on Palantir Technologies and raised its price target to $255, implying roughly 50% upside from recent trading levels. The firm cited the company's AI strategy, expanding commercial business, and long-standing government relationships as factors strengthening its competitive position. Bank of America highlighted Palantir's advantage in deep customer partnerships and an operating model that ties pricing to measurable business outcomes, as well as its growing role in sovereign AI. The bank also noted that Palantir's U.S. commercial business is gaining momentum through larger customer contracts and increased spending from existing clients, prompting it to raise long-term forecasts. Palantir shares jumped about 9% on Friday, extending gains after strong second-quarter results, with the rally supported by short covering and broader strength in technology stocks.

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