What's Going On With Palantir Stock After Renewing Collaboration With Rio Tinto?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
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Source: Benzinga
Palantir and Rio Tinto Partnership: Palantir Technologies has renewed its multi-year enterprise agreement with mining giant Rio Tinto, extending their partnership for four more years, which will enhance Rio Tinto's operational efficiency through access to Palantir’s Artificial Intelligence Platform (AIP).
Impact on Operations: The collaboration allows Rio Tinto to utilize AIP for improved data management and AI-driven solutions in complex workflows, particularly in areas like risk management and the operation of driverless trains, ultimately aiming to boost performance and safety in high-stakes environments.
Analyst Views on SHLD
Wall Street analysts forecast SHLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHLD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 76.870
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Current: 76.870
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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.
