Palantir Technologies Inc. (NASDAQ:PLTR) is one of the AI Stocks Analysts Are Tracking Closely. On July 21, William Blair analyst Louie DiPalma reiterated a “Market Perform” rating on the stock. The rating affirmation follows the U.S. Army having awarded a $100 million contract to the Anduril-Palantir team for the delivery of a Next-Generation Command and Control (NGC2) platform prototype.
The 11-month contract will require the involved companies to participate in one of the highest priority projects of the US Army. William Blaire has estimated that $30 million of the total contract value will go to Palantir. It also noted that the contract has the potential to increase to more than $150 million in annual recurring revenue in the next three years.
A cybersecurity expert monitoring the security of the company’s assets, emphasizing the importance of data protection.
The firm’s contract tracker reveals that Palantir was awarded $135 million in annual recurring revenue across nine different government contracts for the second quarter. Meanwhile, the NGC2 contract will be part of third-quarter bookings.
Palantir Technologies Inc. is a leading provider of artificial intelligence systems.
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