Palantir rises 2.4% on FAA AI air traffic control opportunity

The FAA began using its SMART AI program for air traffic control at three Washington-area airports. Rosenblatt analyst John McPeake sees a contract opportunity for Palantir, citing past safety work and potential expansion. Palantir stock rose 2.4% to $189.50. McPeake has a Buy rating and $225 price target. ASI won a separate $875M FAA contract, but multiple vendors are expected.