Palantir Technologies (PLTR) shares show no signs of slowing down.
Palantir stock soared 8% to nearly $175 Tuesday, a day after the AI software firm reported better-than-expected second-quarter results, leading several Wall Street analysts to increase their price targets.
Bank of America analysts noted that Palantir’s quarterly revenue rose 48% year-over-year to top $1 billion for the first time, and with margins of 46%, the firm’s “Rule of 40” score was 94%. As a result, they affirmed their “buy” rating on the stock and raised their price objective to $180 from $150, “mainly to reflect stronger growth and profitability.”
In addition, Morgan Stanley raised its Palantir price target to $155 from $88, noting its “significant margin expansion” and calling the company a “clear AI winner.” Meanwhile, Deutsche Bank analysts increased their rating on the stock to “hold” from “sell,” and doubled their price target to $160 from $80.
With today’s gains, Palantir shares are up nearly 130% in 2025 and more than 600% over the past 12 months.