Palantir Technologies (PLTR) is gaining momentum as a provider of global digital battle-management systems, according to Bank of America, which on Tuesday hiked its price target on the maker of data analytics software. Palantir stock climbed amid the news.
BofA raised its price target on Palantir stock to 215 from 180. BofA analyst Mariana Mora in a report noted Palantir’s improving U.K. business outlook.
Trump UK Visit Boosts Palantir Stock
“As part of President Trump’s state visit to the U.K., Palantir announced a strategic partnership with the Ministry of Defense. The five-year long, up-to ($1 billion) award marks Palantir’s first billion-dollar deal outside the U.S.,” Mora said.
Palantir’s Maven Smart System was selected in April by NATO to augment intelligence, target recognition, battlespace awareness and decision-making capabilities for warfighters. “We expect other countries to increasingly consider Maven as their global digital battle-management system, as it provides both interoperability with the U.S. and allies as well as governance on their own data,” Mora added
On the stock market today, Palantir stock rose more than 1% to 182.35 in morning action. With Tuesday’s gain, Palantir stock is up about 145% in 2025. Also, Palantir stock has clawed back to near its all-time high of 190 on Aug. 12.
Artificial Intelligence Push
Palantir stock has boomed amid views that the company seems poised to win more U.S. government business during the Trump administration. Also, retail investor enthusiasm for generative artificial intelligence plays has lifted Palantir stock, although commercial-related revenue has yet to ramp up.
Mora in a report also noted her recent meeting with Akshay Krishnaswamy, Palantir’s chief architect, to review artificial intelligence initiatives. Like many companies, Palantir is helping customers develop and deploy autonomous AI agents.
“We think more customers will be attracted to buy Palantir’s operating system (versus build their own) to accelerate the implementation of AI agents that extend their own unique abilities and core expertise,” she said.
Palantir Stock Technical Ratings
Meanwhile, Palantir’s Relative Strength Rating stands at 97 out of a best-possible 99.
But PLTR stock holds an Accumulation/Distribution Rating of B-minus. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
