Palantir Technologies 
PLTR gained about 1.5% on Wednesday morning as Bank of America Securities reiterated its Buy rating and kept its Street-high $255 price target, pointing to sustained demand from government agencies and expanding use by commercial customers.
The firm said Palantir’s artificial-intelligence software is seeing wider adoption as organizations look to deploy AI tools on top of existing data systems, rather than building new infrastructure from scratch. Government work continues to anchor revenue, while enterprise interest is building.
Palantir provides data analytics platforms used by defense, intelligence and corporate clients to integrate, manage and analyze large datasets. Its software supports operational decision-making and the deployment of AI models in complex environments.
The analyst highlighted a roughly $448 million, two-year U.S. Navy award to support shipbuilding programs, including tools to identify supply-chain constraints. The contract could expand to additional naval platforms over time.
Bank of America also cited ongoing product refinements aimed at faster deployment, improved interoperability with open-source models and tighter security, without significant incremental hardware spending.
Shares of Palantir have surged sharply in 2025, leaving the stock with a more divided view among analysts despite the upbeat outlook from Bank of America.