Palantir receives "strongest endorsement" from Bank of America: AI standard setters target price at US $150

智通财经05-13

Zhitong Finance APP learned that Bank of America was bullish on Palantir Technologies (PLTR.US) in the latest research report and raised its target price to the highest level on Wall Street.

Analyst Mariana Perez-Mora wrote in a note to clients: "While general-purpose tools offer some value, we always remind investors that Palantir's core value lies in developing results-oriented, customized AI products at scale. We believe Palantir is defining the market standard for how businesses can leverage AI to achieve substantial results." Perez Mora reiterated his "buy" rating and raised his price target to $150 from $125.

The analyst emphasized that Palantir's latest quarterly financial report proves that its product deployment speed and customer conversion scale are continuing to increase.

In addition, the recently promulgated "Modernizing Defense Acquisitions and Spurring Innovation" (Modernizing Defense Acquisitions and Spurring Innovation) will bring benefits to Palantir, because this order is a "major change" in the way the U.S. Department of Defense handles defense contract bidding.

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