BofA Raises Price Target on Palantir Stock from $150 to $180, Keeps Buy Rating

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the top stocks that Grok recommended. On August 5, BofA raised the price target on Palantir Technologies Inc. (NASDAQ:PLTR) stock from $150 to $180, keeping its Buy rating.

Mariana Perez Mora from BofA increased the price target on PLTR following record quarterly revenue. During Q2 2025, the company achieved a record-breaking $1 billion in revenue, reflecting a 48% year-over-year growth. Mora sees Palantir “approaching its own ‘singularity’ moment this quarter,” after reaching $1 billion in quarterly revenue. Palantir’s U.S. commercial sector boosted with a 93% year-over-year revenue growth, massively outpacing the U.S. government revenue growth of 53%.

BofA Raises Price Target on Palantir Stock from $150 to $180, Keeps Buy Rating

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The analyst believes that the U.S. customer count growth of 64% year-over-year, with almost a 10% increase in headcount, is a soothing concern. This indicates that growth is capped, and new customer growth will continue. Mora mentioned that Palantir remains the best in class for deploying and operationalizing AI into enterprises, giving it a major edge for continued growth.

Palantir Technologies Inc. (NASDAQ:PLTR) is engaged in building and deploying software to help in counterterrorism investigations and operations.

While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.