Analyst Mariana Perez Mora from Bank of America Securities maintained a Buy rating on Palantir Technologies and keeping the price target at $255.00.
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Mariana Perez Mora’s rating is based on Palantir Technologies’ strong growth momentum driven by the increasing adoption of AI at the enterprise level. The company’s US Commercial segment shows significant progress, supported by a robust backlog and shorter contract durations, which indicates that customers are quickly advancing within Palantir’s value chain. Additionally, the recent $448 million contract with the US Navy further solidifies Palantir’s alignment with national priorities and enhances its government business prospects.
Palantir is uniquely positioned as the preferred enterprise stack for implementing AI at scale, offering unmatched capabilities in delivering production-ready solutions. The company’s Ontology framework is crucial for integrating AI, providing necessary guardrails and feedback mechanisms. Palantir’s focus on product extensions, rather than major capital expenditures, enhances its interoperability, security, and scalability, allowing for rapid development and deployment of solutions. These factors collectively support the Buy rating and the price objective of $255.
In another report released on December 9, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $203.00 price target.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLTR in relation to earlier this year.