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Feb 18
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WATCH
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Benzinga
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Rackspace Technology has partnered with Palantir to run its key software platforms (Foundry, AIP) for government clients. This partnership represents a significant validation of Rackspace's service offerings and provides a new sales channel by piggybacking on Palantir's strong position in the government sector. This could be a meaningful, high-margin revenue driver for Rackspace. While Palantir is the primary subject, Rackspace is a key enabler and beneficiary of this deal. The market may initially overlook the positive implications for Rackspace, creating a potential opportunity. We should watch for unusual volume and price action to gauge if a long entry is warranted. The revenue contribution from this single partnership may be immaterial to Rackspace's overall financials. The success of the venture is heavily dependent on Palantir's ability to sell the joint solution. The market may remain entirely focused on PLTR, leading to no positive re-rating for Rackspace. |
Finnhub - PLTR
Palantir Technologies shares are trading high...
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