BofA Bullish on Palantir Despite Short-Term Pullback, Highlights AI-Driven Growth
Palantir's stock surge—up 273% over the past year—paused after a Q3 earnings beat, with shares dipping 8% amid valuation concerns and bearish bets from 'Big Short' investor Michael Burry. BofA analyst Mariana Perez Mora, ranked in the top 2% of Wall Street professionals, dismisses the bearish narrative, citing 'growth firing on all cylinders.'
Revenue jumped 63% YoY, fueled by a 73% spike in commercial sales, with U.S. demand for AIP (Artificial Intelligence Platform) soaring 121%. Record margins and accelerating adoption suggest the AI boom remains a tailwind. 'The acceleration will continue,' Mora asserts, maintaining a street-high price target.