Palantir(PLTR.US) and Rackspace(RXT.US) reach strategic partnership; the latter's stock price soars over 216%

LootboxPhobia · 2026-02-19T02:35:30+00:00

Palantir and Rackspace have reached a strategic partnership to accelerate enterprise deployment of Palantir software through hybrid cloud and AI solutions. Rackspace's stock price surged over 216%, while Palantir rose more than 5%. The collaboration will shorten the AI use case implementation cycle and significantly improve enterprise data migration efficiency. Meanwhile, Mizuho has upgraded its rating on Palantir to "Outperform."

LootboxPhobia

2026-02-19 02:35:30

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The Tong Finance APP has learned that Palantir (PLTR.US) announced on Wednesday a strategic partnership with Rackspace (RXT.US). The two parties will accelerate the deployment and operation of Palantir analytics and AI-driven software through hybrid multi-cloud and artificial intelligence solutions. As of press time, Rackspace has risen over 216%, trading at $132; Palantir has increased over 5%, trading at $140.

According to the cooperation arrangement, Rackspace will serve as an important partner for Palantir in data migration and global implementation, operating Palantir software on its private cloud and UK sovereign data centers to meet the strict data sovereignty and compliance requirements of regulated industries. Both parties stated that this partnership could reduce the AI use case deployment cycle from “months or even years” to “weeks or months.”

Sameer Kirtane, head of Palantir’s US commercial business, pointed out that adopting Palantir’s AI operating system can significantly change a company’s unit economics model. In complex data environment migrations, related project cycles have been shortened from “years to days.”

Meanwhile, Mizuho upgraded Palantir’s rating from “Neutral” to “Outperform” and maintained a target price of $195. Analyst Gregg Moskowitz stated that the rapid growth of US commercial business and increasing AIP demand make Palantir more attractive in the long-term trends of AI and digital transformation.

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