Top Bank of America Analyst Assigns Palantir Stock (PLTR) Street-High Price Target. Here's Why

Bank of America analyst Mariana Perez Mora assigns Palantir Technologies a street-high price target, signaling strong confidence in the data analytics company's future.

Perez Mora reiterated her Buy rating on Palantir stock while raising the price target from $180 to what represents the highest target on Wall Street. The upgrade reflects growing optimism about Palantir's business prospects and market position in the competitive data analytics sector.

• Analyst maintains Buy rating while significantly increasing price target expectations
• New target represents the highest among Wall Street analysts covering the stock
• Upgrade signals strong confidence in Palantir's growth trajectory and market opportunities
• Move highlights institutional support for the Peter Thiel-founded technology company