Palantir (PLTR) at $180? Bank of America Explains Why It’s Bullish

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Exciting AI Stocks to Watch Right NowOn September 8, Bank of America reiterated the stock as “Buy” with a $180 price target, noting that Palantir remains extremely well positioned for artificial intelligence.

The rating follows Bank of America’s attendance of the AIPCon 8 in San Francisco last week, where the firm came out optimistic about “Palantir’s (PLTR) competitive advantage on turning data and AI into value-add use cases.”

The firm believes that Palantir will sustain its profitable growth and outperformance.

“In a budget-constrained environment, we see PLTR outperforming the industry growth. PLTR premium pricing limits some broad applications.”

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems.

While we acknowledge the risk and potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks to Watch Out For in 2025 and 10 Hot AI Stocks to Keep on Your Radar.

Disclosure: None.