2. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holdings in Q1 2026: 96
Data analytics firm Palantir Technologies Inc. (NASDAQ:PLTR)’s shares haven’t performed well recently. They are 8% lower over the year and have lost 23% year-to-date. The dip isn’t sitting well with Cramer. Throughout 2025, the TV host continued to espouse faith in the company. He repeatedly pointed out how he was the first to predict that the shares would cross the $100 mark. Cramer also praised Palantir Technologies Inc. (NASDAQ:PLTR)’s ability to reduce costs for businesses and based his take on discussions with executives. UBS discussed the shares on June 16th. It reiterated a Buy rating and a $200 share price target. According to the bank, Palantir Technologies Inc. (NASDAQ:PLTR)’s Ontology platform is proving to be a tough nut to crack for AI competitors such as OpenAI. Cramer discussed the stock’s performance after CNBC’s Sarah Eisen interviewed the firm’s CEO:
“I love Palantir. . .after Sarah’s excellent interview, I thought there might be some mojo. No mojo.”
Legacy Ridge Capital Management discussed Palantir Technologies Inc. (NASDAQ:PLTR) in its fourth quarter 2025 investor letter:
“At the very least, recent performance for the broader indices is long in the tooth. Most valuations are stretched and some are just bat*hit crazy. We had similar sentiments back in 2019 and wrote about it. Back then the posterchild of the speculative mania was Tesla (TSLA). Now there are dozens of candidates, including TSLA still, but Palantir Technologies Inc. (NASDAQ:PLTR) may be in the pole position. We admit we don’t completely understand what the company does, but it seems super cool. What we do understand is basic arithmetic, and when the CEO goes on CNBC and passionately attacks short sellers, who are just betting the stock is expensive, and he says, “pick something that is not doing a noble task”, not once mentioning valuation during the 10-minute interview, the hair on our neck stands up. We don’t short (we don’t particularly like that math either), but the implied math around Palantir’s valuation is concerning.”
