Snowflake rises on partnership with Palantir for enterprise AI solutions

** Shares of cloud-based data warehousing co Snowflake SNOW rise ~2% to $245.83

** SNOW partners with data analytics and defense software company Palantir Technologies PLTR

** Tie-up will integrate SNOW's AI data cloud with Palantir's AI platform to enable customers to build data pipelines, speed up analytics and develop AI solutions faster

** SNOW says power management firm Eaton ETN is leveraging tie-up to build data foundation for its operations co

** Partnership will help ETN eliminate data duplication, accelerate AI development, and enhance enterprise governance, co says

** "...this tight integration should improve Snowflake's go-to-market positioning, over time, in the US-Federal vertical - brokerage Rosenblatt Securities

** PLTR shares up ~2%

** 42 of 51 brokerages covering SNOW recommend a rating of "buy" or higher, 8 recommend "hold", while 1 recommends "sell"; stock has a media PT of $270 – LSEG

** Up to last close, SNOW has risen ~56% this year, while PLTR has gained ~138%