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Labrish
Nyuuz
Palantir Scores Big with NATO and Racks Up Revenue
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[QUOTE="Munyaradzi Mafaro, post: 33421, member: 636"] Palantir shares are climbing after the company secured a deal with NATO. The AI software firm helps organizations analyze large amounts of raw data. Between 2022 and 2024, Palantir grew revenue 50 percent but increased staff just 3 percent. The company expects 31 percent revenue growth next year with 45 percent operating margins. The tech firm recently formed ten commercial partnerships, including one with competitor Databricks. Analyst Louie DiPalma kept his Market Perform rating on Palantir stock but noted positively that NATO finalized an agreement on March 25 to use Palantir's Maven Smart System. This AI-enabled military platform could benefit the entire US defense industry as European allies increase defense spending. Palantir's battlefield awareness system combines data from multiple sources to create complete battlefield pictures. NATO purchased the system unusually quickly, showing an urgent need for the software. US military branches already use the system, and Palantir partners with L3Harris and Anduril on other Army projects. DiPalma warned about Palantir's strong correlation with the Nasdaq-100 index, saying the stock might fall at three times the market rate during downturns. Despite this risk, Palantir shares rose 7 percent today and have gained 26 percent this year. [/QUOTE]
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Palantir Scores Big with NATO and Racks Up Revenue
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