Palantir Rally Accelerates as Bank of America Signals Large Upside
TL;DR Summary
Palantir Technologies (PLTR) stock jumped about 9% after strong Q2 results, helped by short-covering and broader tech strength. Bank of America reiterated a Buy rating and raised its price target to 255, implying roughly 50% upside from recent levels, citing Palantir’s AI strategy, expanding US commercial contracts, and strong government relationships as key drivers of competitive advantage and future growth.
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