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Investing.com - BofA Securities raised its price target on Palantir Technologies Inc. (NASDAQ:PLTR) to $180.00 from $150.00 while maintaining a Buy rating. According to InvestingPro data, the stock is currently trading near its 52-week high of $161.40, with analyst targets ranging from $45 to $182.
The price target increase follows Palantir's quarterly performance where revenue surpassed $1 billion for the first time, representing 48% year-over-year growth. This builds on the company's impressive 33.45% revenue growth over the last twelve months, with total revenue reaching $3.12 billion.
U.S. commercial revenue grew 93% year-over-year, while margins reached 46%, an improvement of 890 basis points compared to the same period last year.
BofA Securities noted that Palantir achieved a Rule of 40 score of 94, reflecting the company's combined growth rate and profit margin.
The new price target is based on a 15x EV/EBITDA multiple on 2035 estimates, with the increase primarily reflecting stronger growth and profitability metrics.
In other recent news, Palantir Technologies reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved earnings per share of $0.16, exceeding the forecast of $0.14. Additionally, Palantir's revenue reached $1 billion, topping the anticipated $937.45 million. Piper Sandler responded to this robust performance by raising Palantir's price target to $182 from $170, maintaining an Overweight rating. The firm highlighted Palantir's significant absolute dollar beat of $68 million above mid-point guidance and noted an acceleration in revenue growth to 48%. Meanwhile, DA Davidson increased its price target on Palantir to $170 from $115, citing a premium valuation and maintaining a Neutral rating. They described Palantir as "the best story in all of Software" and expressed a positive outlook on the company. These developments reflect Palantir's strong financial performance and the positive sentiment among analysts.
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