Palantir (NYSE:PLTR) gained in trading after announcing a partnership with Oracle (NYSE:ORCL). This partnership aims to provide cloud and AI solutions to businesses and governments globally.
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According to this agreement, Palantir will transfer Foundry workloads to Oracle Cloud Infrastructure. Additionally, the data analytics company will enable the deployment of its Gotham and AI Platforms across Oracle’s distributed cloud infrastructure.
Palantir expects that this agreement will give more organizations access to its advanced platforms for data integration and decision-making through Oracle’s extensive cloud infrastructure.
What is the Prediction for PLTR Stock?
Analysts remain bearish about PLTR stock, with a Moderate Sell consensus rating based on two Buys, five Holds, and six Sells. Year-to-date, PLTR has increased by more than 30%, and the average PLTR price target of $19.67 implies a downside potential of 15.5% at current levels.
