Why Is Palantir (PLTR) Stock Soaring Today
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 8.9% in the afternoon session after Bank of America analyst Perez Mora raised the stock’s price target to $150 while maintaining a Buy rating.
The analyst noted that PLTR was shipping products at a faster pace and noted the conversion funnel had become more efficient. Mora also called out an executive order to modernize US defense acquisitions as a potential catalyst.
Separately, markets experienced a boost after data from the Bureau of Labor Statistics revealed that inflation for the month of April 2025 came in slightly better than expected. The CPI rose 0.2% from the previous month, in line with expectations, while headline inflation rose 2.3% year on…
