Palantir (PLTR) investors closed off the week with the stock closing -14.35% the last 5 days, which means it sits at +26.60% YTD.
Here's this week's news for Palantir, let's go through it together.
LEGEND: Positive News | Neutral News | Negative News
Compredict (and AI-enabled software company) has announced a partnership with Palantir.
With this partnership, Compredict will work for a better solution to connect vehicles via the cloud and use Foundry to provide Virtual Sensors to partners globally.
The end goal is to replace hardware sensors with software virtual sensors, and Compredict is relying on Foundry to help with the backbone of this.
Forrester released a report (which can be found on Palantir's website) outlining the impact of Foundry with customers that have deployed it. This is a great one-pager outlining how Foundry materially helps organizations.
A couple big points include:
- 315% ROI
- Increased employee efficiency (50%-75% savings)
- Improved supply chain/inventory management (30% cost reduction)
It's extremely clear that Palantir provides value to end customers - and Foundry pays for itself along with helping the business run more efficiently and generate higher profits.
| RATING | PRICE TARGET | FIRM | |
| Reiterates Underperform | $5 | RBC Capital |
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.