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1h ago

Boeing Taps Palantir for AI Across Defense as BofA Raises Target to $215

Analysts say the Boeing deal plus a reported U.K. award show Palantir’s AI platform is scaling, prompting BofA’s $215 target.

A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. REUTERS/Benoit Tessier/File Photo
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo
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Overview

  • Boeing Defense, Space & Security will integrate Palantir’s Foundry across its production lines to standardize data analytics, with additional work on undisclosed classified programs.
  • Steve Parker, head of Boeing’s defense unit, called Palantir a leader in using AI to speed delivery of critical capabilities, while Palantir’s Mike Gallagher said the tie-up will turbocharge defense production and innovation.
  • Bank of America lifted its Palantir price target to $215 from $180 and highlighted AI forward-deployed engineers as a key accelerator for customer deployments and new use cases.
  • BofA’s updated model projects commercial revenue topping $10 billion and government revenue exceeding $8 billion by 2030, reflecting faster AI-driven growth and international expansion.
  • Coverage also cites a reported five-year, up-to-$1 billion U.K. Ministry of Defence award and NATO’s April selection of Palantir’s Maven system as evidence of widening defense adoption, while shares trade near record highs after strong institutional buying.