Palantir Surges on Record Quarter as Bank of America Raises Target to $215

Palantir Technologies delivered a seismic $1 billion revenue quarter, eclipsing estimates by $60 million with 48% year-over-year growth. The data analytics firm's financial engine roared to life as operating income jumped 83% to $464 million while free cash FLOW more than tripled to $569 million.

Bank of America's bullish $215 price target revision signals institutional confidence, projecting commercial sales could reach $10 billion by 2030. The raised guidance to $4.1-4.2 billion revenue reflects Palantir's accelerating AI adoption across government and Fortune 500 clients, including new convert Boeing.

After-hours trading saw PLTR shares climb 4.6% as the company's $5.8 billion war chest positions it for strategic expansion. At 240 times earnings, the valuation debate intensifies alongside questions about sustaining triple-digit growth metrics in the AI Gold rush.