BofA Securities Reiterates Buy Rating on Palantir Technologies Inc. (PLTR)

BofA Securities analyst Mariana Perez Mora reiterated a Buy rating and $21.00 price target on Palantir Technologies Inc. (NYSE: PLTR).

The analyst commented: "We positively view PLTR’s partnering in non-core areas and think this supports both a) topline growth & stickiness as services names get familiar with building software-driven solutions on top of PLTR’s platforms and b) stronger software-like margins."

"With NHS awards over, the next catalysts to look at are: 1) 4Q23 S&P 500 rebalance to be announced December 1st. According to our discussion with industry experts, other large-cap names also eligible for S&P500 inclusion (like Uber) are more likely to be chosen this time around. 2) TITAN downselect expected 4Q23, with strengthening competitive dynamics after Northrop Grumman joining PLTR’s team."

For an analyst ratings summary and ratings history on Palantir Technologies Inc. click here. For more ratings news on Palantir Technologies Inc. click here.

Shares of Palantir Technologies Inc. closed at $19.69 yesterday.

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