Palantir partners with Tomorrow.io to utilize global atmospheric data for defense, airlines, and federal agencies. The U.S. faced $183 billion in weather-related damages in 2024. Palantir aims to provide minute-by-minute forecasts and AI weather platforms, targeting military and commercial clients.
The deal includes Tomorrow.io joining Palantir’s FedStart program, allowing them to sell to federal agencies without security accreditation. Palantir could capture billions from its weather product suite, catering to industries like insurance, construction, and military clients. The Navy and Air Force could benefit greatly from an AI weather platform.
Palantir’s growth and execution in winning business are noteworthy, with Wall Street focusing on cash flow rather than the price-earnings ratio. The company’s free cash flow margin is strong, with guidance for revenue and free cash flow in 2025 indicating potential for further growth. Analysts expect positive momentum for PLTR stock.
Analysts anticipate Palantir’s revenue to increase in the coming years, with a positive outlook on free cash flow margins. The stock could exceed $200 based on current free cash flow multiples. Despite the potential for growth, a “Hold” rating is advised due to possible downside risks in the market cycle. Analysts maintain a consensus “Hold” estimate on shares.
Read more at Yahoo Finance: As Palantir Makes a Big Bet on AI-Powered Weather, Is PLTR Stock a Buy, Sell, or Hold?