Palantir Extends Airbus Skywise Deal After Q4 Revenue Soars 70%
Palantir extended its multi-year Airbus agreement to enhance Skywise’s aviation data capabilities for improved aircraft design and airline efficiency. Investment firm Daiwa upgraded Palantir to Buy from Neutral with a $180 price target after Q4 revenue rose 70% year-on-year and operating income increased over 2.1-fold.
1. Airbus Skywise Deal Extended
On February 10, Palantir extended its multi-year agreement with Airbus to further develop Skywise, its civil aviation data platform designed to improve aircraft design and airline operational efficiency through integrated engineering and in-flight data.
2. Positive Q4 Results and Daiwa Upgrade
On the same day, investment firm Daiwa raised Palantir’s rating to Buy from Neutral while lowering its price target to $180, highlighting 70% year-on-year Q4 revenue growth and operating income climbing roughly 2.1-fold.