Palantir receives the "strongest endorsement" from Bank of America: AI standard setter target price is $150

智通财经2025-05-13

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

In a note to clients, analyst Mariana Perez-Mora wrote: "While universal tools have some value, we always remind investors that Palantir's core value lies in the development of results-driven, customized AI products at scale. We believe Palantir is defining the market criteria for how businesses can leverage AI to achieve substantial results." Perez Mora reiterated a "Buy" rating and raised his price target to $150 from $125.

The analyst emphasized that Palantir's latest quarterly earnings report proves that its product deployment speed and customer conversion scale are continuously improving.

In addition, the recently promulgated Executive Order on 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 bidding for Defense contracts.

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