Palantir price target raised to $180 from $150 at BofA

BofA analyst Mariana Perez Mora raised the firm’s price target on Palantir (PLTR) to $180 from $150 and keeps a Buy rating on the shares. After quarterly revenue surpassed $1B for the first time, the firm sees Palantir “approaching its own ‘singularity’ moment this quarter,” the analyst tells investors. The firm sees U.S. customer count growth of 64% year-over-year, with only about a 10% increase in headcount, as soothing concerns that growth is capped and expects new customer growth will continue as Palantir “remains the best in class for deploying and operationalizing AI into enterprises,” the analyst added.