Jim Cramer Eyes Palantir Stock’s $200 Price Target

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.”

A software engineer manipulating a vast network of code on virtual monitors.

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 PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.