PLTR: Palantir Stock Climbs After BofA Hikes Target To $215 On AI Growth

Sep 23 - Palantir Technologies PLTR gained more than 2% Tuesday after BofA Securities raised its price target to $215 from $180 while keeping a Buy rating. The firm pointed to stronger growth across Palantir's applications and highlighted the company's expanding global defense partnerships.

The upgrade follows Palantir's recent five-year deal with the UK Ministry of Defence, valued at up to 750 million. BofA also noted the rapid adoption of Palantir's Maven Smart System, which NATO selected earlier this year to enhance battlefield decision-making.

Financially, Palantir has posted 38.79% revenue growth over the past year with gross margins near 80%. Analysts now project government sales could surpass $8 billion by 2030, lifting growth expectations to a 30% compound annual rate between 2025 and 2030.

Other firms remain more cautious. Mizuho and UBS both maintained Neutral ratings with $165 price targets, while William Blair reiterated a Market Perform view. Still, with shares trading near $190 and close to a 52-week high, investor attention stays firmly on Palantir's momentum in AI-driven defense solutions.