Bank of America has raised its price target for Palantir ($PLTR) to a street-high $215 from $180, reiterating a "Buy" rating. This upgrade is driven by increased use cases for its Ontology architecture and Forward Deployed Engineers, enhanced government growth including a new billion-dollar UK Ministry of Defence contract, and the leverage of Agentic AI. Investors should note the strong government sector momentum and the potential for Palantir's Maven Smart System to expand internationally.