12 Stocks on Jim Cramer’s Radar Recently

1. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 77

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 12 stocks on Jim Cramer’s radar recently. A caller inquired what it would take for Cramer to get behind the company like he did with CoreWeave. In response, Cramer remarked:

“Alright, but the CoreWeave, we got that, we got the four times there. That was a good one. Alright, now Palantir at $50, I said it’s going to a $100. At a $100, I said it’s going to $200. Can I wait till it gets to $200 before I have to raise my price target? But I will, believe me.”

Palantir (NASDAQ:PLTR) develops software designed to help organizations analyze and interpret large-scale data in support of critical decision-making. The company’s product suite includes the Gotham, Foundry, and Apollo platforms, as well as an advanced artificial intelligence system. It is worth noting that on May 23, Cramer commented:

“Palantir’s just plain out expensive, but there you can use a rule that tells you about growth versus margins. And it turns out to be much less expensive than a lot of other companies because the growth is very good and the margins are high… Although Palantir’s a little too speculative for me.”

While we acknowledge the potential of Palantir Technologies Inc. (NASDAQ:PLTR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

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