Palantir COO: meme-stock popularity helps sales, DataRobot deal helps growth with retailers

Jun. 24, 2021 4:26 PM ETPalantir Technologies Inc. (PLTR)PLTRBy: Brian Stewart, SA News Editor44 Comments

Palantir Technologies headquarters campus exterior view in Silicon Valley. - Palo Alto, California, USA - 2019
Michael Vi/iStock Editorial via Getty Images

  • Shyam Sankar, COO at Palantir Technologies (NYSE:PLTR), commented on the stock's popularity with meme traders on Thursday, saying he's excited to have investors who have "really dug into" the company's background.
  • He added that the company's Wall Street-related name recognition has helped in sales meetings, when potential clients turn out to be retail shareholders of the firm.
  • Speaking to CNBC, the Palantir COO also said that a new partnership with DataRobot will facilitate its growth in the retail industry.
  • Sankar highlighted the value of adding DataRobot's AI modeling to PLTR's core product offerings. He said this provides a service that will help retailers react quickly to conditions as they reopen in the post-COVID economy.
  • Earlier on Thursday, Palantir announced the deal with DataRobot, a move meant to deliver real-time solutions for demand forecasting models.
  • For more on Palantir's current opportunities, check out Josh Arnold's report detailing the abundant bullish signs for the stock.

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