HD Hyundai and Palantir Technologies (PLTR) Strengthen Their Partnership

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 20, HD Hyundai and Palantir Technologies Inc. (NASDAQ:PLTR) announced they had strengthened their partnership. As a result, the adoption of Palantir Technologies Inc.’s (NASDAQ:PLTR) Foundry and Artificial Intelligence Platform (AIP) is expected to expand throughout the HD Hyundai Group.

Over the upcoming few years, the company will work with HD Hyundai, which will focus on developing a Center of Excellence for Foundry and AIP. This will help empower employees across HD Hyundai to use advanced analytics and AI and cultivate a new wave of AI-driven innovation.

Elsewhere, Phillip Securities initiated coverage of Palantir Technologies Inc. (NASDAQ:PLTR)’s stock with a “Buy” rating and a price objective of $208. According to the firm, there is potential for the company’s stock to re-rate higher. This expectation is backed by improved fundamentals and a growing addressable market.

Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community to help in counterterrorism investigations and operations.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.