Palantir Stock Eyes New Highs, Boosted by Boeing Partnership

Core Insights - Palantir Technologies has nearly recovered from an 18% drop after reaching an all-time high in early August, with a recent price target of $215 from Bank of America, the most bullish among analysts [3][4]. Company Performance - The stock closed at $182.42 on September 30, close to its all-time high of around $186, and is currently building momentum above its 50-day simple moving average (SMA) of $167.21 [12][13]. - The stock has a high P/E ratio of 616.49, indicating a high valuation compared to other tech stocks [3]. Partnerships and Growth - Palantir's partnership with Boeing Defense, Space & Security (BDS) aims to integrate AI systems across Boeing's factories, enhancing data analytics and operational efficiency [5][6]. - This collaboration is expected to help Boeing address delays and reliability issues, thereby improving aircraft readiness rates and supply chain forecasting [7][8]. - The partnership strengthens Palantir's credibility in both government and commercial sectors, with over 40% of its revenue now coming from commercial customers [10]. Market Sentiment - The recent rally in Palantir's stock has put short sellers on the defensive, as the company's partnerships are seen as key drivers for long-term growth [4][11]. - Analysts currently rate Palantir as a "Hold," with a 12-month price forecast averaging $140.22, indicating a potential downside of 23.08% from current levels [11][12].