Palantir Hits Spotlight as BofA Lifts Price Target to Street High
Palantir Technologies gained attention Monday after Bank of America boosted its price target to $150, marking the highest estimate among major Wall Street firms.The firm kept its Buy rating in place. Analyst Mariana Perez Mora said Palantir continues to stand out by delivering tailored, AI-powered software solutions aimed at specific customer outcomes.She pointed to recent earnings as a sign the company is gaining momentum, noting improvements in how fast Palantir brings products to market and converts clients.Mora also flagged a new U.S. government directive, focused on overhauling how the Department of Defense handles tech contracts, as a potential long-term boost.The executive order, titled “Modernizing Defense Acquisitions and Spurring Innovation,” could reshape military procurement and favor companies like Palantir, which already has deep government ties.Palantir shares remain on Monday trading following the note.