Palantir Did Not Win the FAA Contract for SMART. Time to Buy the Stock Anyway?
The company will not be building an AI system for the FAA, but that may not hurt investors.
Overview
The Federal Aviation Administration (FAA) just announced plans to roll out a new AI-based system it calls Strategic Management of Airspace, Routes, and Trajectories, or SMART.
Consequently, analysts at firms such as Rosenblatt turned their attention to Palantir Technologies (NASDAQ: PLTR), believing SMART could become an additional revenue source for the software-as-a-service (SaaS) stock. Palantir did not win the contract, but investors likely would have had trouble benefiting from this new business line -- here's why.
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Originally published at www.fool.com.
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