Palantir Did Not Win the FAA Contract for SMART. Time to Buy the Stock Anyway?

Key Points Palantir's software appeared well suited for tasks such as making air traffic control safer and more efficient. Regardless, investors would need to take note of Palantir's high valuation and how it might affect its stock. 10 stocks we like better than Palantir Technologies › 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 .