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Palantir stock earns new Street high target at Bank of America

September 10, 2024 8:11 AM EDT

Bank of America raised its price target for Palantir (NYSE: PLTR) to a new Street-high of $50 per share (up from $30) in a note Tuesday, reiterating its Buy rating on the stock.

The bank views Palantir's inclusion in the S&P 500 as pivotal, describing it as a "watershed moment" for institutional investors to reassess the company's long-term potential, which they believe has been fundamentally misunderstood.... More

Palantir Technologies Inc. (PLTR) PT Raised to $50 at BofA Securities

September 10, 2024 6:01 AM EDT

BofA Securities analyst Mariana Perez Mora raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $50.00 (from $30.00) while maintaining a Buy rating.

The analyst comments "In 1980, AT&T hired a consultancy company to estimate the market size for cell phones by... More

Palantir surges on S&P 500 addition

September 9, 2024 7:59 AM EDT

(Updated - September 9, 2024 7:59 AM EDT)

Palantir (NYSE: PLTR) shares surged more than 8% in premarket trading on Monday after S&P Dow Jones Indices said the company will be added to the S&P 500 index, effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance.

The software maker for data analytics will take the place... More