BofA, JPMorgan, Oppenheimer Name Their 3 Favorite AI Stocks, One Has a $255 Target

Top Wall Street analysts at Bank of America, JPMorgan and Oppenheimer have identified three AI stocks they believe remain well-positioned for further gains following strong quarterly earnings.

Their bullish outlooks reflect expectations that AI investment will remain strong despite ongoing concerns about valuations and the sustainability of spending.

The picks, Palantir Technologies, Amazon and Lam Research, span different parts of the AI ecosystem, from enterprise software to cloud computing and semiconductor manufacturing.

Bank of America analyst Mariana Perez Mora reiterated a Buy rating on Palantir with a $255 price target after the company's second-quarter results exceeded expectations.

US commercial revenue surged 149% year over year, increasing its share of total revenue to nearly 40%, up from roughly 30% a year ago. The company also expanded its US commercial customer base 35% to 653, while trailing 12-month revenue per customer climbed 76% to $3.5 million.

Following the results, Palantir raised full-year guidance and now expects at least 134% US commercial revenue growth. Mora also increased her 2026–2028 revenue and earnings forecasts, citing stronger contract value and deeper customer relationships.

She views Palantir's commercial business as the company's primary growth engine, driven by customers seeking measurable returns from AI deployments. Shares closed near $172 on August 7.

Mora's $255 target therefore implies a 48% climb above current levels.