Palantir Technologies Inc. (PLTR) PT Raised to $255 at BofA Securities

BofA Securities analyst Mariana Perez Mora raised the price target on Palantir Technologies Inc. (NASDAQ: PLTR) to $255.00 (from $215.00) while maintaining a Buy rating.

The analyst comments "On the notion of real vs. fake “AI” – we continue to expect growth would accelerate as more businesses and government realize the choices in front of them. PLTR’s “red pill” offers boot camps, an expensive software kit, deep FDE expertise, an Ontology implementation path that prioritizes ROI, and the ability to scale with AI FDEs. We still view this go-to-market and approach as a winning differentiated formula while others continue to push a “blue pill” option: generic, one-size-fits-most, Chat-GPT wrappers. We reiterate our Buy rating and raise our PO to $255 (from $215) which reflects our confidence in PTLR’s enduring position and better than expected growth (see details on page 4) on a 15x EV/EBITDA on 2035E (unchanged)."

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