Meetings with Palantir Technologies Inc (NASDAQ:PLTR) increased confidence in the company's growth, and continued momentum along with enterprise-level AI adoption, according to BofA Securities.
The Palantir Technologies Analyst: Analyst Mariana Perez Mora reiterated a Buy rating and a $255 price target.
The Palantir Technologies Thesis: The company's U.S. Commercial business continues to have the strongest momentum, "supported by strengthening backlog, lower contract duration, and customers rapidly climbing up the PLTR value chain," Mora said in a note.
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Palantir Technologies' Government business recently received a two-year order worth $448 million, which aligns with "the Trump Administration’s reindustrialization of America priorities," she added.
Critics, meanwhile, argue that Palantir is “dangerous” and warn that its tools could enable unprecedented levels of surveillance, endangering basic freedoms.
See Also: Palantir Technologies (PLTR) Stock Price Prediction: 2025, 2026, 2030
Still, Palantir’s momentum continues to build as the company could expand margins due to "operating leverage growing with each use case across the businesses," the analyst stated.
"As improvements in AI accelerate, enterprises are realizing that the infrastructure offered by Palantir is critical for them to incorporate these rapidly evolving capabilities," she further wrote.
PLTR Price Action: Shares of Palantir Technologies had risen by 0.68% to $184.32 at the time of publication on Tuesday.
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