BofA Analyst Raises Palantir Price Target to Street-High $215 Amid AI Rally
Palantir Technologies (PLTR) continues to dominate the artificial intelligence boom, with its stock surging 145% year-to-date—far exceeding the S&P 500's 15% gain. The data analytics firm now commands a $440 billion market valuation, fueled by soaring adoption of its AI platforms and lucrative government contracts. Bank of America's 5-star analyst Mariana Perez Mora boosted the price target to $215, citing accelerating defense sales and enterprise demand for its Agentic AI systems.
Despite its 305% 12-month return, concerns linger over Palantir's premium valuation at 409x forward earnings. The company's Maven Smart System, recently adopted by NATO, and expanding field deployment capabilities underscore its strategic positioning at the intersection of AI and national security.