BofA Raises Price Target on Palantir Stock from $150 to $180, Keeps Buy Rating

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the top stocks that Grok recommended. On August 5, BofA raised the price target on Palantir Technologies Inc. (NASDAQ:PLTR) stock from $150 to $180, keeping its Buy rating.

Mariana Perez Mora from BofA increased the price target on PLTR following record quarterly revenue. During Q2 2025, the company achieved a record-breaking $1 billion in revenue, reflecting a 48% year-over-year growth. Mora sees Palantir “approaching its own ‘singularity’ moment this quarter,” after reaching $1 billion in quarterly revenue. Palantir’s U.S. commercial sector boosted with a 93% year-over-year revenue growth, massively outpacing the U.S. government revenue growth of 53%.

The analyst believes that the U.S. customer count growth of 64% year-over-year, with almost a 10% increase in headcount, is a soothing concern. This indicates that growth is capped, and new customer growth will continue. Mora mentioned that Palantir remains the best in class for deploying and operationalizing AI into enterprises, giving it a major edge for continued growth.

Palantir Technologies Inc. (NASDAQ:PLTR) is engaged in building and deploying software to help in counterterrorism investigations and operations.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.