Rackspace to Expand Palantir Engineers to 250, Analysts' Price Targets Range $170 to $255
Rackspace Technology will increase its Palantir-trained engineers from 30 to over 250 within 12 months to reduce Foundry and AIP deployment times to weeks or months under governed managed operations. Mizuho upgraded Palantir’s rating to outperform with a $195 target, while Freedom Capital Markets and Bank of America maintain buy ratings at $170 and $255.
1. Rackspace Partnership
Rackspace Technology will provide cloud hosting, implementation expertise and governed managed operations for Palantir’s Foundry and AI Platform, aiming to reduce deployment lead times to weeks or months. The firm plans to grow its roster of Palantir-trained engineers from 30 to over 250 within the next 12 months.
2. Analyst Upgrades
Mizuho raised Palantir’s rating to outperform with a $195 price target, citing revenue acceleration and margin expansion. Freedom Capital Markets and Bank of America reaffirm buy ratings with targets of $170 and $255, reflecting strong Q4 results and optimistic AI infrastructure demand.
3. Technical Price Dynamics
Palantir shares found support at the $130 level as investors looked to re-enter positions after prior sell-offs, fueling the recent reversal. Traders warn that the $150 level, previously a support zone, may now act as resistance as remorseful buyers seek to exit at breakeven.