Palantir Technologies Inc. (PLTR) Extends Airbus Deal, What It Means

Palantir Technologies Inc. (NASDAQ:PLTR) is among the most profitable software stocks to buy now. On February 10, Palantir Technologies Inc. (NASDAQ:PLTR) announced the extension of its multi-year agreement with Airbus to continue strengthening Skywise, a civil aviation data platform. While improving designs and efficiency of aircraft and equipment, the platform also enhances the performance of airlines’ operations through a blend of in-flight engineering and operational data.

This announcement comes at a time when the aerospace sector faces growing demands for innovation and competitiveness, thus allowing Palantir Technologies Inc. (NASDAQ:PLTR) to provide Airbus with continued access to advanced technology. As expressed by Josh Harris, the Executive Vice-President of the company,

“The multi-year extension is a testament to the bold vision we share with Airbus—to reimagine the role of technology in civil aviation. Together, we will continue to deliver secure, AI-enabled capabilities with multiple LLMs that improve operational performance from manufacturing and supply chain to maintenance and flight operations.”

On the same day, TheFly reported that Daiwa upgraded Palantir Technologies Inc. (NASDAQ:PLTR) to Buy from Neutral and reduced the price target from $200 to $180. The firm noted that the company’s revenue increased 70% YoY in Q4 and operating income surged roughly 2.1-fold. According to the analyst, the company’s sharp growth will “persist and accelerate.”

Palantir Technologies Inc. (NASDAQ:PLTR) is a Colorado-based software platform provider for the intelligence community to support counterterrorism investigations and operations. With a presence across many countries, the company provides Palantir Gotham, Palantir Foundry, Palantir Apollo, and Palantir Artificial Intelligence Platform.

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.