Bank of America reiterates Buy on Palantir and raises target to $255

Palantir PLTR

Bank of America reiterated its Buy rating on Palantir and raised its price target to $255 after the Q2 report. The stock rose about 10% on August 7 to roughly $170.76 at midday, and short covering may have added to the move.

Rating reiterated at Buy
Price target raised to $255
Stock up about 10% midday, at roughly $170.76
Short covering may have contributed

PLTR around the story · hourly24 h reaction ▲ 0.75%

Moves this explains

PLTR+9.25%Aug 6 · Palantir rose 9.25% to $171.55 on the day Bank of America reiterated Buy and raised its price target to $255, per reports. A same-day 24/7 Wall St headline describes an agentic-AI stock rally in which Palantir led. The July payrolls report (down 23k jobs, unemployment 4.1%) was released the same morning but is not shown as the cause.

Source

24/7 Wall St.

Aug 7, 2026

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