Palantir price target raised to $215 from $180 at BofA

BofA raised the firm’s price target on Palantir (PLTR) to $215 from $180 and keeps a Buy rating on the shares after spending time with Akshay Krishnaswamy, the company’s Chief Architect. The firm cites stronger growth across Palantir’s applications for the target increase. It views artificial intelligence forward deployed engineers as an accelerator of the company’s growth. Palantir will benefit from increased demand and empowered engineers “that can focus on the most complex problems,” contends BofA.