
Palantir Technologies Inc. ($PLTR) has recently seen a surge in its stock price following upgrades from analysts at Wedbush and Bank of America (BofA), who have raised their price targets for the company to $75. This increase is attributed to Palantir's growing dominance in artificial intelligence (AI) and data analytics across both government and commercial sectors. BofA specifically upgraded Palantir's price target from $55 to $75, citing an acceleration in U.S. growth and an expanding competitive moat. Additionally, BofA has increased its forecast for Palantir's three-year commercial growth rate from 32% to 34%. The discussions surrounding these developments highlight the ongoing AI revolution, which is expected to continue shaping the market landscape into 2025.
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Palantir $PLTR was upgraded this morning by BofA with its price target raised from $55 to $75, on accelerating US growth and a widening "competitive moat." BofA raised its three-year commercial growth rate from 32% to 34%.
