Palantir Jumps 10.32% to $172.01 as BofA Lifts Target to $255
Updated
Updated · The Motley Fool · Aug 7
Palantir Jumps 10.32% to $172.01 as BofA Lifts Target to $255
3 articles · Updated · The Motley Fool · Aug 7
Summary
Palantir closed at $172.01, up 10.32%, extending a post-earnings rally as Bank of America reiterated a Buy rating and raised its price target to $255.
BofA tied the upgrade to Palantir's AI strategy, expanding commercial business and durable government relationships, arguing those strengths could support nearly 50% upside from the close.
Trading volume hit 76.2 million shares, about 75% above Palantir's three-month average of 43.5 million, underscoring heavy investor interest after the quarter.
Software peers also advanced—Snowflake rose 3.93% and Datadog 2.02%—while the Nasdaq gained 1.30%, showing broader enthusiasm for AI-linked enterprise software.