Palantir (PLTR) Gets Buy Rating Amid Expanding AI Backlog

Group 1 - Palantir Technologies Inc. is recognized as one of the top big data stocks, with BofA Securities maintaining a Buy rating and a price target of $255 following discussions with company executives in South Korea [1][2] - BofA expressed optimism about Palantir's growth, particularly in the US Commercial sector, which is experiencing significant progress due to a growing backlog and quicker customer transitions through Palantir's value chain [2] - The company secured a $448 million, two-year contract with the US Navy to enhance naval shipbuilding operations using its Foundry and AI Platform, aligning with the Trump administration's goals for American reindustrialization [3][4] Group 2 - Palantir provides software platforms that assist organizations in integrating, managing, and securing large datasets for analysis, with its main products being Gotham and Foundry [4]