Palantir's government growth slows but new Oracle deal and AI ambitions offer optimism

• Palantir's government revenue growth slowed from 47% in 2021 to 14% in 2023, while private sector growth accelerated from 34% to 20% in the same period.

• Palantir recently partnered with Oracle to deploy its Foundry and Gotham platforms on Oracle's cloud suite.

• The Oracle partnership could help Palantir grow its government business by leveraging Oracle's existing federal footprint.

• Ark Invest CEO Cathie Wood believes Palantir has an enormous opportunity in AI and can compete with the biggest tech names.

• Analyst Dan Ives has a $35 price target for Palantir stock, about 52% upside from current levels, citing its potential in AI and cloud computing.