Palantir surges 10% as Bank of America lifts price target to $255

Motley Fool·7 Aug 2026·

3▲0 ▼0Impact / 5

Summary · why it matters

Palantir Technologies shares jumped 10.32% to close at $172.01 after Bank of America reaffirmed its Buy rating and raised its price target to $255, implying nearly 50% upside. The move extends gains following the company's strong earnings report earlier in the week, with trading volume reaching 76.2 million shares, about 75% above the three-month average. Analyst Mariana Perez Mora cited Palantir's effective AI strategy, growing commercial activities, and solid government relationships as key drivers.