Investors are used to hearing about it Palantir Technologies Inc NASDAQ:PLTR Amazing new deals. but, Her new partnership with Snowflake Company New York Stock Exchange: Snow Not normal.
Palantir Technologies Today
Palantir Technologies
- 52 week range
- $40.90
▼
$190.00
- P/E ratio
- 570.49
- Price target
- $141.28
Through this partnership, Palantir will essentially integrate Foundry and AIP (artificial intelligence platform) directly into Snowflake’s AI data cloud. This will allow Snowflake enterprise customers to:
- Use Palantir’s AI models locally on Snowflake data without moving or duplicating it.
- Build real-time decision intelligence systems using Palantir’s workflow and AI agent capabilities.
- Simplify administration and compliance, as data remains within Snowflake’s secure environment.
For Palantir, the partnership represents a shift in go-to-market strategy. The company is expanding its already extensive reach to Snowflake’s 10,000-plus customers. These customers already manage large data sets but do so without Palantir’s applied AI layer. For Snowflake, the partnership strengthens its AI stack, providing a value proposition over competitors like Databricks.
It’s a win-win for all Snowflake customers, who are looking for ways to run AI directly where their data resides rather than moving it between platforms. However, it represents an even bigger victory for PLTR shareholders.
Collaborators, not competitors
PLTR stock is up more than 320% over the past 12 months. But Snowflake was no slouch, posting gains of over 100%. Some of this is due to bullish sentiment in the technology sector. However, Palantir and Snowflake are often inaccurately viewed as competitors.
This comparison is based on the fact that both companies target large enterprises with data-driven needs and talk about “data platforms.” Analysts assumed that the two companies were competing for the same budgets.
This partnership shows that the two companies play complementary roles in the AI stack. Snowflake is building the foundation, and Palantir is building the intelligence layer that runs on top of it.
What this deal means for Palantir shareholders
The partnership with Snowflake has three important implications for investors. First, it helps break the narrative that Palantir software is a “niche product” for government and complex industrial customers. This immediately expands Palantir’s commerce channel and integrates its software into organizations already spending on cloud data and analytics.
Second, it reaffirms the company’s leadership position in AI monetization. Chief Executive Officer (CEO) Alex Karp has repeatedly noted that Palantir’s AIP platform makes AI useful for enterprise customers. This partnership supports this idea by making AIP close to a plug-and-play solution that may lead to faster revenue recognition and higher margins.
Third, it enhances the opportunity cost associated with Palantir. The company has already proven that its customer base is stable. As more organizations use the company’s software, the cost of switching increases, as does Palantir’s recurring revenue.
PLTR stock is consolidating its earnings trend
Palantir Technologies stock forecast today
$141.28
-19.53% downsideHe catches
Based on 22 analyst ratings
| Current price | $175.56 |
|---|---|
| High expectations | $215.00 |
| Average expectations | $141.28 |
| Low expectations | $45.00 |
Palantir Technologies stock forecast details
The next big event for Palantir shareholders will be the company’s third-quarter earnings report, which is scheduled for November 3. Past performance does not guarantee future results, but the company is likely to deliver a strong report.
If this is the case, PLTR stock will likely make a strong move higher. Currently, the stock is in a consolidation pattern. The price was around $181, and volatility declined after the stock’s bull run in April.
PLTR stock has broken above the 50-day simple moving average at $172, forming a bullish base marked by higher lows. Trading volume is lower, which supports the idea that investors are waiting and waiting. The positive but flat MACD line, with its lines converging, also supports these expectations.
This is it Classic pre-earnings stock positioning. The post-earnings bullish move may test resistance at the $182 to $185 range. If the stock breaks above $188, analyst forecasts of $200 or higher could be placed In play.
The disappointing report could push the stock back to the support level around $172 to $175.
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