Palantir Shares Soar 10% on Stellar Q2 Earnings, BofA Raises Price Target to $255

Palantir Technologies Inc., PLTR, saw its shares rise by approximately 10% during Friday's trading session as investors responded positively to the company's stellar second-quarter earnings report.

The company's revenue reached $1.94 billion in Q2, a 92.8% increase compared to the prior-year period and exceeding Wall Street's $1.81 billion projection by nearly $130 million.

Bank of America maintained its 'Buy' recommendation on PLTR while raising its price target to $255, indicating approximately 50% potential upside from current trading levels.