Palantir Technologies (PLTR) has entered into a strategic partnership with Everfox to strengthen defense data solutions within classified network environments. The collaboration combines Palantir’s data analytics and artificial intelligence (AI) capabilities with Everfox’s cross-domain technology, helping warfighters to process real-time intelligence and make quick decisions based on data from various sensors, platforms, and networks.
Classified networks refer to computer networks designed to handle sensitive data or confidential information, typically used by government agencies, military organizations, or other companies that require high level of data security.
Palantir Continues to Make Strategic Partnerships
Everfox will integrate Palantir’s Mission Manager into its security solutions, allowing customers to effectively manage and maintain software across classified networks. The companies stated that their combined solutions have already been deployed to some customers and will now expand to more customers.
Everfox has been providing cybersecurity protection solutions, including cross-domain and insider risk solutions, to governments and corporations for over 25 years. Similarly, Palantir delivers its AI solutions to some of the largest government enterprises and companies. The companies’ partnership reflects their continued commitment to advancing national security and equipping warfighters with advanced tools on the battlefield.
The news of the partnership with Everfox, follows Palantir’s recent announcement of a product partnership with Databricks, which aims to offer an open and scalable data architecture to customers. Palantir continues to make strategic partnerships to strengthen its offerings and win more contracts from government and corporations.
Is PLTR Stock a Buy, Hold, or Sell?
Analysts prefer to remain on the sidelines on Palantir stock, since PLTR currently has the highest valuation in the sector, with its stock skyrocketing over 287% in the past year. On TipRanks, PLTR stock has a Hold consensus rating based on four Buys, 10 Holds, and four Sell ratings. Also, the average Palantir Technologies price target of $92.13 implies 4.5% downside potential from current levels.
