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.

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