Palantir Stock Soars 10% on Stellar Q2 Results Amid BofA Price Target Boost

Palantir's stock surged approximately 10% during Friday’s trading session following its impressive Q2 earnings release. The company's second-quarter revenue reached $1.94 billion, a 92.8% annual growth that surpassed the $1.81 billion analyst consensus.

Bank of America maintained its Buy recommendation while increasing its price target to $255, suggesting approximately 50% potential upside from current trading levels.

The investment bank emphasized Palantir's artificial intelligence initiatives and its accelerating commercial segment as critical drivers of its market position. It also highlighted the company's established government partnerships and growing presence in sovereign AI applications.