Palantir Shares Surge on Major Boeing Partnership and Analyst Upgrade

Palantir Technologies continues its impressive market ascent, fueled by significant corporate developments and bullish analyst sentiment. The data analytics firm has secured a strategic partnership with aerospace leader Boeing, while simultaneously receiving a substantial price target increase from Bank of America. These developments raise questions about the company’s potential for further growth.

Bank of America has significantly raised its outlook for Palantir, boosting its price target from $180 to $215 and reaffirming its “Buy” rating. Analyst Mariana Pérez Mora cited robust growth across all business segments and recent major contract wins as key drivers for the upgrade. This positive assessment coincides with a major strategic achievement for Palantir.

The company announced a new collaboration with Boeing’s Defense,... Read more...