TITAN is the US Army's ground station system powered by artificial intelligence and machine learning technology. As part of this contract, PLTR will develop 10 TITAN prototypes, including five Advanced and five Basic variants. These prototypes will provide actionable targeting data for improved mission command and long-range precision firing.
Palantir's partners in this project include Northrop Grumman (NYSE:NOC), Anduril Industries, L3Harris Technologies (NYSE:LHX), Pacific Defense, Sierra Nevada Corp., Strategic Technology Consulting and World Wide Technology. 

Buy, Hold or Sell Palantir?

William Blair analyst Louie DiPalma said in a research note Tuesday that PLTR is a "heavy favorite" to win the contract. DiPalma estimates that this is PLTR's fourth-largest contract in terms of annual revenue. However, the analyst is bearish on Palantir with a "Sell" rating.

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Overall, analysts remain neutral on PLTR stock with a consensus rating of Hold based on two Buy, six Hold and five Sell. PLTR shares have surged more than 100% in the past year, and the average PLTR price target of $18.55 implies a downside potential of 22.1% at current levels.