Palantir Partners with Rackspace to Accelerate AI Deployment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7 hours ago
0mins
Should l Buy PLTR?
Source: seekingalpha
- Strategic Partnership: Palantir has formed a partnership with Rackspace to accelerate the deployment of its analytical and AI-driven software, enabling customers to implement AI use cases in production within weeks instead of months or years through Rackspace's governed operating model.
- Stock Price Surge: Rackspace shares surged over 150% in early market action, while Palantir's stock increased by 2.5%, indicating a positive market reaction to the partnership, which may enhance Palantir's market attractiveness.
- Data Migration and Implementation: Rackspace will serve as Palantir's partner in data migration and global implementation, particularly critical for regulated industries, ensuring AI deployments meet strict data sovereignty and compliance requirements, thereby enhancing customer trust.
- Optimistic Market Outlook: Mizuho upgraded Palantir from Neutral to Outperform, reiterating a $195 price target, citing the growth of Palantir's U.S. commercial business and the urgency for internal data integration, suggesting a favorable risk-reward scenario.
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Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise
17 Analyst Rating
5 Buy
10 Hold
2 Sell
Hold
Current: 133.020
Low
50.00
Averages
192.88
High
255.00
Current: 133.020
Low
50.00
Averages
192.88
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Stock Growth: Palantir's shares have surged 1,200% over the past three years, driven by consistent earnings growth and positive outlook on demand, attracting early investors' interest.
- Valuation Concerns: Despite the impressive stock rise, high valuation has caused some investors to worry, leading to a 25% decline in stock price this year, reflecting market caution regarding future demand.
- Commercial Customer Expansion: Palantir has increased its U.S. commercial customer base from under 20 five years ago to over 500 today, with the latest quarter's U.S. commercial contract value exceeding $1.3 billion, marking a 67% year-over-year increase, showcasing its successful business transformation.
- AI Platform Driving Growth: The launch of Palantir's Artificial Intelligence Platform (AIP) in 2023 provides customers with a fast and cost-effective way to implement AI, further boosting revenue growth and enhancing market competitiveness.
See More
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- Google's AI Potential: Google's Gemini generative AI platform is rapidly growing, with analysts expecting revenue and EPS to grow at CAGRs of 15% and 12% from 2025 to 2028, highlighting its strong potential in the digital advertising and cloud infrastructure markets.
- Amazon's Market Advantage: As the world's largest e-commerce and cloud infrastructure company, Amazon leverages AWS profits to expand its retail business, with analysts projecting revenue and EPS growth at CAGRs of 12% and 18% from 2025 to 2028, indicating robust future growth.
- Investment Recommendation: Analysts view both Alphabet and Amazon as evergreen stocks worth investing in, and Robinhood investors' choices reflect confidence in these stocks, especially amid current market volatility, showcasing their long-term investment value.
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- Stock Price Increase: Palantir Technologies' stock rose by 1.77% to close at $135.38, primarily driven by a Mizuho upgrade and new AI partnerships, reflecting market confidence in the company's future growth prospects.
- Surge in Trading Volume: Trading volume reached 58.4 million shares, approximately 29% above the three-month average, indicating increased investor interest in Palantir and potentially signaling future market activity.
- Rating Upgrade: Mizuho upgraded Palantir's stock to a buy rating with a price target of $195, highlighting its unique revenue growth and margin expansion, which indicates market recognition of its long-term potential.
- Headquarters Relocation Impact: Palantir's move from Denver to Miami may affect its tax expenses and talent acquisition, further strengthening its position in a competitive market landscape.
See More
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- Amazon's Market Leadership: As the world's largest e-commerce and cloud infrastructure company, Amazon's AWS business supports its retail operations, with projected revenue and EPS growth rates of 12% and 18% from 2025 to 2028, showcasing its potential in the rapidly growing AI market.
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See More
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- Support Level Analysis: The $130 level previously served as a support, and many investors who sold at this price regretted their decision after the price rallied, prompting them to place buy orders when the price dropped back, thus forming new support.
- Potential Resistance Formation: As the stock approaches the $150 level, resistance may emerge since investors who bought at this price might choose to sell at breakeven, creating sell orders that could cap the stock price.
- Understanding Market Dynamics: Successful traders recognize the emotional dynamics in the market, where remorseful sellers can create new support at former support levels, while remorseful buyers can create resistance, which is crucial for making informed trading decisions.
See More
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- Legal Ruling: U.S. District Judge Paul Oetken granted Palantir Technologies' request to block former VP and senior engineer from soliciting employees to join Percepta AI, demonstrating strong protection of corporate secrets.
- Lawsuit Context: Palantir filed a lawsuit in October, alleging that Percepta's CEO and co-founder used Palantir's confidential information to create a 'copycat' AI software firm, highlighting the industry's focus on intellectual property rights.
- Confidentiality Agreement Enforcement: The judge also barred former engineer Joanna Cohen from breaching her confidentiality agreement with Palantir, indicating the company's increasing legal measures to safeguard its trade secrets.
- Competition Restrictions: Although the judge denied Palantir's request to block the defendants from violating non-compete agreements, the case's developments could impact Percepta's operational strategy, especially given that nearly half of its workforce consists of former Palantir employees.
See More
Palantir Technologies Stock Soars Amid AI Boom
- Significant Stock Growth: Palantir's shares have surged 1,200% over the past three years, driven by consistent earnings growth and positive outlook on demand, attracting early investors' interest.
- Valuation Concerns: Despite the impressive stock rise, high valuation has caused some investors to worry, leading to a 25% decline in stock price this year, reflecting market caution regarding future demand.
- Commercial Customer Expansion: Palantir has increased its U.S. commercial customer base from under 20 five years ago to over 500 today, with the latest quarter's U.S. commercial contract value exceeding $1.3 billion, marking a 67% year-over-year increase, showcasing its successful business transformation.
- AI Platform Driving Growth: The launch of Palantir's Artificial Intelligence Platform (AIP) in 2023 provides customers with a fast and cost-effective way to implement AI, further boosting revenue growth and enhancing market competitiveness.
See More
Robinhood Investors Favor Blue-Chip Stocks
- Investor Preferences: The ten most owned stocks on Robinhood include blue-chip stocks like Amazon, Apple, and Alphabet, indicating that investors are still focused on high-growth tech plays, even as they avoid more speculative stocks.
- Google's AI Potential: Google's Gemini generative AI platform is rapidly growing, with analysts expecting revenue and EPS to grow at CAGRs of 15% and 12% from 2025 to 2028, highlighting its strong potential in the digital advertising and cloud infrastructure markets.
- Amazon's Market Advantage: As the world's largest e-commerce and cloud infrastructure company, Amazon leverages AWS profits to expand its retail business, with analysts projecting revenue and EPS growth at CAGRs of 12% and 18% from 2025 to 2028, indicating robust future growth.
- Investment Recommendation: Analysts view both Alphabet and Amazon as evergreen stocks worth investing in, and Robinhood investors' choices reflect confidence in these stocks, especially amid current market volatility, showcasing their long-term investment value.
See More
Palantir Technologies Stock Rises 1.77% Following Upgrade and AI Partnerships
- Stock Price Increase: Palantir Technologies' stock rose by 1.77% to close at $135.38, primarily driven by a Mizuho upgrade and new AI partnerships, reflecting market confidence in the company's future growth prospects.
- Surge in Trading Volume: Trading volume reached 58.4 million shares, approximately 29% above the three-month average, indicating increased investor interest in Palantir and potentially signaling future market activity.
- Rating Upgrade: Mizuho upgraded Palantir's stock to a buy rating with a price target of $195, highlighting its unique revenue growth and margin expansion, which indicates market recognition of its long-term potential.
- Headquarters Relocation Impact: Palantir's move from Denver to Miami may affect its tax expenses and talent acquisition, further strengthening its position in a competitive market landscape.
See More
Robinhood Investors Favor Alphabet and Amazon Stocks
- Investor Preference: On the Robinhood platform, Alphabet and Amazon are the most favored stocks, each receiving 58 buy ratings, indicating strong investor confidence and reflecting market recognition of their long-term growth potential.
- Alphabet's Diversification: With a robust ecosystem that includes a search engine, cloud services, and a generative AI platform, Alphabet is expected to grow its revenue and EPS at CAGRs of 15% and 12% from 2025 to 2028, demonstrating its ongoing expansion capabilities in the digital advertising and cloud markets.
- Amazon's Market Leadership: As the world's largest e-commerce and cloud infrastructure company, Amazon's AWS business supports its retail operations, with projected revenue and EPS growth rates of 12% and 18% from 2025 to 2028, showcasing its potential in the rapidly growing AI market.
- Investment Value: Despite market volatility, analysts still view Alphabet and Amazon as evergreen stocks worth investing in, indicating that Robinhood investors are leaning towards stable blue-chip stocks rather than more speculative ones.
See More
Palantir Stock Rebounds to $130 Level
- Stock Rebound: Palantir Technologies Inc.'s shares climbed back to $130 on Wednesday, indicating strong market support and suggesting that investor confidence is recovering, which may lead to further upside potential.
- Support Level Analysis: The $130 level previously served as a support, and many investors who sold at this price regretted their decision after the price rallied, prompting them to place buy orders when the price dropped back, thus forming new support.
- Potential Resistance Formation: As the stock approaches the $150 level, resistance may emerge since investors who bought at this price might choose to sell at breakeven, creating sell orders that could cap the stock price.
- Understanding Market Dynamics: Successful traders recognize the emotional dynamics in the market, where remorseful sellers can create new support at former support levels, while remorseful buyers can create resistance, which is crucial for making informed trading decisions.
See More
Judge Blocks Palantir Ex-Executives from Soliciting Employees
- Legal Ruling: U.S. District Judge Paul Oetken granted Palantir Technologies' request to block former VP and senior engineer from soliciting employees to join Percepta AI, demonstrating strong protection of corporate secrets.
- Lawsuit Context: Palantir filed a lawsuit in October, alleging that Percepta's CEO and co-founder used Palantir's confidential information to create a 'copycat' AI software firm, highlighting the industry's focus on intellectual property rights.
- Confidentiality Agreement Enforcement: The judge also barred former engineer Joanna Cohen from breaching her confidentiality agreement with Palantir, indicating the company's increasing legal measures to safeguard its trade secrets.
- Competition Restrictions: Although the judge denied Palantir's request to block the defendants from violating non-compete agreements, the case's developments could impact Percepta's operational strategy, especially given that nearly half of its workforce consists of former Palantir employees.
See More
