Palantir Technologies Inc. NYSE PLTR strengthens its relationship with Ringier to assist it in transforming into a digital-first, global media company. PTR is in the sweet spot of the increased interest in digital transformation companies at https://www.webull.com/newslist/nyse-pltr. This is reflected in a slew of recent partnerships announced by the company. Palantir declared the renewal of a necessary partnership with Ringier, a Swiss media company, to provide software to help it accelerate its digital transformation and become a digital-first global media company.
Ringier is currently using Palantir’s Foundry software to serve better and inform its readers. According to the media company, this has aided in expanding its reach and improving its relationship with its audience, resulting in increased revenue potential. According to the company, the foundry is also used by Ringier to improve performance in its advertising departments across all of its media brands.
Why It Matters: For Ringier, the strengthened partnership with Palantir will mean a stronger push forward with its digital transformation strategy, which began more than a decade ago. “We were able to build a secure, comprehensive data foundation using Palantir’s world-leading integration technology,” said Marc Walder, CEO of Ringier. Palantir already has a strong presence in Europe, thanks to its partnerships with Merck KGaA MKGAF and Airbus SE EADSY, particularly in Switzerland, where it has an office in Zurich and plans to expand further.
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So, what is required to return this stock to the moon? It will necessitate material development. Not a single contract worth less than $100 million has been awarded (governmental or commercial). I’m referring to a large transaction that could generate hundreds of millions or billions of dollars in revenue over time. Aside from that, there isn’t much that can send stocks back into overdrive.
What exactly do I mean? The election cycle in the United States for 2020 has come to an end. The potential benefit of the Biden administration has already been factored into stock prices. The craze is known as “meme stock madness” is largely over. PTR stock has already proven to be a hit with Reddit’s retail investors. You can check other stocks like nasdaq msft at https://www.webull.com/quote/nasdaq-msft before investing.