Palantir (PLTR) shares are in focus Thursday after the big data analytics firm announced a strategic partnership with San Francisco-headquartered Bolt. 

Bolt has teamed up with Palantir to scale “Checkout 2.0” – an artificial intelligence-enabled personalized checkout experience across enterprise retailers. 

Palantir stock is up more than 90% versus its year-to-date low.

Why Is the Bolt Deal Significant for Palantir Stock?

Investors are cheering the Bolt announcement today primarily because it signals PLTR’s continued commitment to diversifying its revenue beyond government and defense contracts. 

This new partnership could deliver a further boost to Palantir’s commercial business that came in up 71% on a year-over-year basis in the company’s latest reported quarter. 

“Checkout 2.0” is an exciting use case of Palantir’s technology in a high volume, customer-facing industry. 

In short, investors expect the strategic partnership with Bolt to accelerate PLTR’s revenue growth, which could make it at least a bit easier to justify the exceptionally high multiple on Palantir stock at the time of writing. 

Palantir Also Announces TeleTracking Deal

PLTR stock remains in focus because the big data analytics firm also announced another strategic alliance with TeleTracking Technologies on Thursday. 

The partnership that aims at “revolutionizing operational decision-making in healthcare to deliver long-term value to providers globally” – according to TeleTracking’s press release – is in line with Palantir’s commercial strategy as well.  

According to a senior Wedbush analyst, Dan Ives, the company’s rapid expansion in the commercial space, especially AI-driven applications, positions it to capitalize on the anticipated $2 trillion in software spending over the next three years. 

He views Palantir stock as a “generational opportunity” in the artificial intelligence market, with the potential to reach a $1 trillion market capitalization before the end of this decade.  

Wall Street Sees Significant Downside in Palantir

While Palantir continues to attract both government and commercial contracts on the back of its AI offerings in 2025, valuation remains a major overhang on PLTR shares. 

The AI stock is currently trading at about 360 times its estimated future earnings, which is keeping much of the Wall Street on the sidelines. 

The consensus rating on Palantir stock currently sits at “Hold” only with the mean target of about $94 indicating potential downside of nearly 30% from current levels.