Palantir Technologies Inc. (NYSE:PLTR), a software company with a focus on big data analytics, recently announced the launch of the Palantir Certification Program for its customers and strategic partners.
Following the news, shares of the company declined marginally to close at $15.97 in Friday’s extended trading session.
Strategic Impact
With the commencement of this program, Palantir Foundry customers will be able to create value by optimizing foundry talent within their workforce. Moreover, the Palantir Certification Program will enable its customers to better identify individuals with the pertinent skills required to implement transformative solutions throughout the enterprise.
A vertically integrated software platform, Palantir Foundry is operated as a fully managed SaaS that allows enterprises to efficiently manage their data.
Management Weighs in
The Global Head of Commercial Business at Palantir, Ted Mabrey, said, “It has been our company’s mission to empower our customers to use Palantir’s software to transform their organization. Certifications represent a critical milestone in democratizing the transformative power of our software by setting an explicit standard that organizations should expect from their data and their data professionals.”
Wall Street’s Take
Recently, Jefferies analyst Brent Thill reiterated a Buy rating on the stock. The analyst, however, lowered the price target from $31 to $24, which implies upside potential of 49.9% from current levels.
Consensus among analysts is a Moderate Sell based on 1 Buy, 3 Holds and 4 Sells. The average Palantir price target of $22.14 implies upside potential of 38.3% from current levels. Shares have declined 39.9% over the past year.
Negative News Sentiment
News Sentiment for PLTR is Negative based on 16 articles over the past seven days. 100% of the articles have Bullish sentiment, compared to a sector average of 63%.
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