Palantir Technologies Inc. (Palantir (PLTR)) shares ticked up Thursday after the company announced an expanded partnership with Alphabet Inc.'s (Google (GOOG)) Google Cloud. The stock was up about 0.18% in early trading, reflecting cautious optimism around the news.

The collaboration is more than just a press release. Palantir is making its Foundry and AIP platforms available on the Google Cloud Marketplace, and the two companies are building deeper integrations between their platforms. Specifically, Palantir's tools will connect with Google's Gemini AI models and BigQuery data warehouse, allowing for two-way data federation and semantic exchange. For customers, that means they can streamline AI workflows and get more advanced insights without having to juggle multiple disconnected systems.

This is a logical next step for Palantir, which has been pushing hard to make its software more accessible to commercial customers. By landing on the Google Cloud Marketplace, Palantir gets access to Google's vast customer base, while Google gets to offer a marquee AI platform to its enterprise clients. Win-win.

A Flurry of Multi-Million Dollar Deals

But the Google Cloud news wasn't the only thing Palantir had cooking. The company also announced a handful of new partnerships that show it's expanding beyond its traditional government and defense roots.

First up: Palantir and law firm Kirkland & Ellis launched a proprietary platform to transform private equity fundraising. The platform, built on Palantir's AIP, is designed to scale Kirkland's legal expertise, streamline fund formation workflows, and support clients across the full fundraising lifecycle with secure, AI-enabled processes. Think of it as bringing AI to the notoriously manual world of PE fundraising.

Then there's McCarthy Building Companies, one of the largest commercial construction firms in the U.S. Palantir inked a multi-year, multi-million dollar partnership with McCarthy to bring AI- and data-driven decision-making to construction operations. That could mean anything from optimizing supply chains to predicting project delays.

And finally, Palantir signed a multi-year, multi-million dollar enterprise expansion agreement with GNP Seguros, Mexico's largest insurer. This is notable because it's Palantir's first publicly disclosed commercial customer in Mexico. GNP Seguros, part of the Grupo BAL conglomerate, will deepen its use of Palantir's Foundry and AIP across all lines of its insurance business. It's a sign that Palantir's AI platform is gaining traction in Latin America's insurance sector.

Where Palantir Stock Stands Technically

Let's look at the charts. Palantir's stock is currently at $145.49, which is about 4.4% above its 20-day simple moving average (SMA) of $139.26 and 2.7% above its 50-day SMA of $141.55. That suggests a short-term bullish trend. But it's still about 0.7% below its 100-day SMA of $146.40, so there's some resistance overhead.

The Relative Strength Index (RSI) is at 49.54, smack in the middle of neutral territory. That means the stock isn't overbought or oversold — it's just kind of hanging out, waiting for a catalyst.

Key levels to watch: resistance at $156.00, where the stock has stalled before, and support at $128.50, where buyers have stepped in previously. If Palantir can break above $156, it could have room to run. If it falls below $128.50, things could get dicey.

What Analysts Think

Wall Street is still bullish on Palantir. The stock carries a Buy rating with an average price target of $189.38. Recent analyst moves include:

• Rosenblatt: Buy, target raised to $225.00 (May 21)
• Citigroup: Buy, target raised to $225.00 (May 6)
• Argus Research: Upgraded to Buy, target $190.00 (May 6)

That $225 target from Rosenblatt and Citigroup implies about 55% upside from current levels. But as always, price targets are just opinions — and Palantir's stock has a history of being volatile.

Value, Growth, and Momentum

Looking at Palantir's fundamentals through a scoring lens, the picture is mixed. On value, Palantir ranks a low 2.09 out of 100, meaning it's trading at a steep premium compared to peers. That's not surprising for a high-growth tech stock.

On growth, it scores a stellar 97.79, indicating strong growth potential relative to the market. That's the story investors are buying into.

But on momentum, it scores just 19.44, meaning the stock has been underperforming the broader market recently. That's a red flag for momentum traders.

The verdict? Palantir is a growth-heavy name with questionable value and weak near-term momentum. Investors should weigh these factors carefully when considering entry points.

Price Action: Palantir shares were down 0.18% at $141.94 at the time of publication Thursday, according to market data.