Palantir Is The Future of a Data-Driven World, Is PLTR Stock Now A Buy?

Trade PLTR Stock Your Capital Is At Risk
Ollie Martin
Updated: 10 Feb 2022

Key points:

  • Palantir extends partnership with Scuderia Ferrari through Foundry
  • Foundry allows team members to track and analyze data
  • The partnership acts as a hallmark of Palantir's growing commercial utility
  • With PLTR stock at a discount, now could be the time to snap up shares

Up until relatively recently, Palantir’s (NYSE: PLTR) dedication to government and military contracts ran the risk of provoking the companies long-term downfall. However, the shift towards commercial clientele has been a game-changer for the stock – but it appears the market still hasn’t factored in Palantir’s impressive, unique economic moat. 

new-recommended-broker-banner

Today, the company expanded its partnership with Ferrari to bring its top-end data and analytics infrastructure to Scuderia Ferrari. The key focus here, and the tangent between Palantir’s world-leading tech and commercial enterprise, is the company’s Foundry platform.

I’ve made particular reference to Foundry in recent articles regarding Palantir; the platform is the stepping stone for Palantir to expand across multiple industries, analyzing and propelling efficiency in a world that increasingly relies on data. 

Ferrari and Palantir Logo

Read Also: Best Tech Stocks To Buy Now

Foundry for Ferrari will enable power unit engineers on the racetrack and the Maranello factory to optimize performance, rapidly analyze data provided from sources such as the Grand Prix, test bench results, or part information.

This partnership isn’t anything new. Palantir has been aiding Scuderia Ferrari’s data-driven performance since 2016 – yet the expansion with Foundry allows for rapid, large volume integration and analytics to be instantly shared across the platform – resulting in swift, efficient decision-making for engineers and team members.

Palantir has been the subject of dubious speculation; not exactly helped by a wide backlog of insider selling for the second half of last year. As effective data management continues to guide internal processes and streamline business growth and efficacy; Palantir stands as an industry monolith, with over 20 years of behind-the-scenes government contracts, true cutting-edge technology, and a vision that integrates with modern workflow.

The data-leading giant currently trades at an eye-opening discount, and while short-term volatility might facilitate further downside movement, the long-term prospect of Palantir truly speaks for itself.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .