Palantir Technologies Inc. (NASDAQ: $PLTR
) shares rose 3.68% on Wednesday after Rosenblatt Securities reiterated a “Buy” rating and $225 price target, citing the Federal Aviation Administration’s artificial-intelligence rollout and Palantir’s existing work within the agency.
The stock closed at $191.79 on September 23, up $6.80 from the prior session, after trading between $182.95 and $193.79. Volume was about 34.9 million shares, below Yahoo Finance’s average of roughly 38.4 million. The S&P 500 fell 0.75%, and the Nasdaq Composite declined 1.13% during the session.
The FAA’s flagship Flow Management Data and Services, or FMDS, contract, which includes the Strategic Management of Airspace, Routes, and Trajectories system known as SMART, was awarded to Air Space Intelligence, not Palantir. The FAA selected Air Space Intelligence in June, and Reuters reported the contract is worth up to approximately $875 million over 12 years.
Separately, federal award records show the FAA issued Palantir a $500,000 firm-fixed-price purchase order on August 13, 2026, described as “SMART – PALANTIR PURCHASE ORDER” under PIID 693KA726P00024. The records list a performance period from August 13 to August 14 but do not disclose the order’s technical scope.
The report cited the FAA’s deployment of SMART and Palantir’s existing work within the agency. Rosenblatt said Palantir’s aircraft-safety work with the FAA began in 2021 and has expanded into additional safety applications.
The FAA began operating SMART in limited mode around Washington, D.C., on September 21. According to the agency, the system combines about 200 data streams covering areas including weather, flight paths, traffic flow and controller staffing. The FAA said SMART will roll out more broadly in stages.
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) shares rose 3.68% on Wednesday after Rosenblatt Securities reiterated a “Buy” rating and $225 price target, citing the Federal Aviation Administration’s artificial-intelligence rollout and Palantir’s existing work within the agency.
The stock closed at $191.79 on September 23, up $6.80 from the prior session, after trading between $182.95 and $193.79. Volume was about 34.9 million shares, below Yahoo Finance’s average of roughly 38.4 million. The S&P 500 fell 0.75%, and the Nasdaq Composite declined 1.13% during the session.
The FAA’s flagship Flow Management Data and Services, or FMDS, contract, which includes the Strategic Management of Airspace, Routes, and Trajectories system known as SMART, was awarded to Air Space Intelligence, not Palantir. The FAA selected Air Space Intelligence in June, and Reuters reported the contract is worth up to approximately $875 million over 12 years.
Separately, federal award records show the FAA issued Palantir a $500,000 firm-fixed-price purchase order on August 13, 2026, described as “SMART – PALANTIR PURCHASE ORDER” under PIID 693KA726P00024. The records list a performance period from August 13 to August 14 but do not disclose the order’s technical scope.
The report cited the FAA’s deployment of SMART and Palantir’s existing work within the agency. Rosenblatt said Palantir’s aircraft-safety work with the FAA began in 2021 and has expanded into additional safety applications.
The FAA began operating SMART in limited mode around Washington, D.C., on September 21. According to the agency, the system combines about 200 data streams covering areas including weather, flight paths, traffic flow and controller staffing. The FAA said SMART will roll out more broadly in stages.
#Cryptonews