Palantir Price Target Raised to $215 as AI Momentum Builds

Palantir Technologies (PLTR, Financials) received a major boost after Bank of America raised its price target to $215, citing faster adoption of its AI systems and expanding government deals. The firm kept its Buy rating, noting Palantir's growing commercial traction and use of Agentic AI tools.

Analyst Mariana Perez Mora expects government sales to top $8 billion by 2030 and projects long-term revenue growth near 30% annually.

In its latest quarter, Palantir posted revenue of $1.004 billion, up 48% year over year its first billion-dollar quarter. U.S. commercial sales surged 93%, and adjusted EPS rose to $0.16.

While some analysts warn Palantir's valuation, at over 400 times forward earnings, leaves little room for error, the stock has surged 145% in 2025 and 305% over the past year.

Investors will be watching upcoming earnings for updates on AI deployments and new government contracts.