Palantir Wins GE Aerospace, Rackspace AI Deals; Analysts Rate Moderate Buy
Palantir secured defense supply chain AI contracts with GE Aerospace and partnered with Rackspace to deploy its AI platform in private and UK sovereign clouds. Co-founder Peter Thiel sold Apple and Microsoft stakes, and analysts assigned Palantir a Moderate Buy consensus with 15 Buys, 10 Holds and 2 Sells.
1. GE Aerospace AI Supply Chain Contract
Palantir signed new agreements with GE Aerospace to integrate its AI-driven Foundry platform into defense supply chain operations, enhancing logistics analytics, inventory tracking and predictive maintenance for military components.
2. Rackspace Private and UK Sovereign Cloud Partnership
The company entered a strategic partnership with Rackspace Technology to embed its AI platform within Rackspace’s Private Cloud and UK Sovereign data centers, catering to clients with strict data residency and compliance requirements.
3. Peter Thiel’s Stake Liquidation
Co-founder Peter Thiel liquidated his hedge fund’s positions in Apple and Microsoft during the fourth quarter, a portfolio adjustment that analysts view as diversification rather than a reflection on Palantir’s fundamentals.
4. Moderate Buy Analyst Consensus
Twenty-eight analysts cover Palantir, assigning an average Moderate Buy rating comprised of 15 Buy recommendations, 10 Holds and 2 Sells, indicating tempered optimism about the company’s growth trajectory.