Palantir Technologies (PLTR) stock edged higher in premarket trading after PwC UK, a major consulting firm, announced a larger multi-year investment to expand its partnership with the company. The deal indicates growing confidence in Palantir’s AI tools and strengthens its position in the fast-growing enterprise AI market.
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The two firms first partnered in 2023. Since then, Palantir’s platform has been used to help clients improve operations and make faster decisions using real-time data. Now, with this new investment, PwC plans to bring Palantir’s software to more clients across industries, from finance and public sector to healthcare and retail.
Why This Deal Matters for Palantir
The deal comes at a time when Palantir is trying to move beyond its government contracts and win more enterprise customers. Partnering with PwC helps that effort because it gives Palantir access to a wide network of large clients, including companies that want AI tools but don’t have the teams to build or deploy them on their own.
If adoption accelerates, it could support stronger revenue growth in the quarters ahead.
Partnership Supports Palantir’s UK Growth
This update also fits Palantir’s growing focus on the UK market. The company has been investing more in the region and sees the UK as one of its fastest-moving areas for AI and defense work. Palantir has already put more than £1.5 billion into the country and now has nearly 1,000 employees in London, which is its second-largest office.
With PwC now expanding its use of Palantir’s software, investors view this as another sign that demand for Palantir’s technology is rising in the UK.
Is PLTR a Good Stock to Buy?
Currently, Wall Street has a Hold consensus rating on Palantir stock based on 11 Holds, three Buys, and two Sell recommendations. The average PLTR stock price target of $187.87 indicates 12.28% possible upside from current levels.
