Palantir Technologies Inc. (NASDAQ:PLTR) has been in the spotlight over the past few weeks after a string of strategic partnership announcements and a wave of analyst activity.
- Palantir Technologies stock is trading near recent lows. Where is PLTR stock headed?
Palantir, NVIDIA Bring AI to U.S. Sovereign Environments
Palantir and NVIDIA Corporation (NASDAQ:NVDA) announced a strategic initiative to deliver an intelligent engine for running NVIDIA AI and Nemotron open models in sovereign environments, with a focus on U.S. government agencies and critical infrastructure.
The offering combines NVIDIA’s AI platform with Palantir’s AIP, Ontology, Foundry, and Apollo products, enabling government agencies to deploy models in classified and air-gapped environments while continually improving them based on mission-specific feedback.
Palantir, Surf Air Expand SurfOS
Separately, Palantir announced an expansion of its partnership with Surf Air Mobility Inc. (NYSE:SRFM), committing additional engineering and go-to-market resources to accelerate the development and commercial release of SurfOS, including OperatorOS, OwnerOS, and SurfOS Enterprise Solutions.
The expanded partnership builds on the successful commercial launch of BrokerOS and a recent multi-million-dollar contract with Wheels Up to serve as the launch customer for Enterprise BrokerOS.
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price target of $187.42. Recent analyst moves include:
- DA Davidson: Upgraded to Buy (Raises Target to $175.00) (July 2)
- Wolfe Research: Upgraded to Peer Perform (June 16)
- Rosenblatt: Buy (Maintains Target to $225.00) (June 5)
Palantir Shares Edge Higher
PLTR Price Action: At the time of publication, Palantir shares are trading 0.02% higher at $133.75, according to data from Benzinga Pro.
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