Palantir (PLTR) investors closed off the week with the stock gaining +12.13% the last 5 days, which means it sits at +31.61% YTD.
Here's this week's news for Palantir, let's go through it together.
LEGEND: Positive News | Neutral News | Negative News
The UK Prime Minister, Rishi Sunak, is praising Palantir.
They stated that Foundry is doing "a really good job" in reducing the elective care backlog. At a couple locations, Palantir software led to an almost 1/3 reduction in backlogs - that's signfiicant.
Palantir continues to make its mark in the healthcare vertical and is positioned to be THE tech solution to bring them to the AI future.
Palantir has announced a Foundry Marketplace - this is huge.
This platform will allow developers to create workflows that are built in Foundry and easily distribute it with a consumer facing storefront.
This is an example of Network Effects - and could result in Foundry becoming a much sticker platform. The focus on partners has been a priority to Palantir as they built out the commercial business and there are many examples of other software companies that have leveraged a marketplace ecosystem to thrive.
This is exciting stuff - and I'm sure some innovative solutions will come from this!
Palantir has announced a $50 Million expansion with SOMPO Holdings.
The reason for the expansion was to allow a deployment to over 10,000 employees at SOMPO Japan.
Since this is an expansion, we have some insight on the existing deployment and deal - and the feedback has been extremely positive, with Foundry being the "backbone" for the company as they embrace digital transformation.
Foundry continues to prove its value to customers, and these expansion deals are a vote of confidence from existing customers on how well it works.
Palantir CEO has made a statement saying that they "responsible for most of the targeting in Ukraine".
What does this mean?
As Ukraine continues to defend its land, they are using Palantir to target tanks and artillery. This helps Ukraine leverage technology to optimize their military.
It's rare to see CEOs speak out on such polarizing political topics, but Palantir stands behind their belief that their software is core to Ukraine's success thus far.
| RATING | PRICE TARGET | FIRM |
| Sell | $5 | Citigroup |
We look forward to spending a few minutes with you next Sunday for some new Palantir news!
Disclosure: I am a Palantir Technologies (PLTR) shareholder at the time of publishing.