Bank of America sees growing strength in Palantir’s (PLTR) defense business. In a new note, BofA top analyst Mariana Perez Mora kept her Buy rating on the stock after hosting the firm’s Defense Technology Forum, where she noted rising interest in AI tools for military use.
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The analyst said more defense programs are now moving toward AI and real-time data tools. This favors companies like Palantir that can pull together large amounts of information and support fast decision-making.
Perez Mora added that customers want systems that can work across the military — from planning to logistics to on-the-ground operations. Palantir’s long experience in these areas gives it an edge as demand grows.
She also pointed out that spending on defense software and AI remains steady, as governments look for faster ways to plan missions, track equipment, and manage data, creating more demand for reliable platforms. The analyst believes that PLTR remains well placed to benefit as defense agencies adopt more AI systems.
It is worth noting that Mora ranks 191 out of more than 10,000 analysts tracked by TipRanks. She has a success rate of 69%, with an average return per rating of 45.70% over a one-year timeframe.
Is PLTR a Good Stock to Buy Now?
Overall, Wall Street is sidelined on PLTR stock, with a Hold consensus rating based on three Buys, 11 Holds, and two Sell recommendations. The average PLTR stock price target of $183.07 implies 0.68% upside risk from current levels.
