Jim Cramer is Recommending These 5 Stocks in April

4. Palantir Technologies Inc (NYSE:PLTR)

Number of Hedge Fund Investors: 44

Jim Cramer thinks Palantir Technologies Inc (NYSE:PLTR) can go up to $28 from its recent price of $22. He thinks that Palantir Technologies Inc (NYSE:PLTR) has an “unbelievable technology” and that Palantir Technologies Inc (NYSE:PLTR) has been “close” to the government as well. Cramer recommended investors to make a “move” and “buy some” Palantir shares.

Carillon Scout Mid Cap Fund stated the following regarding Palantir Technologies Inc. (NYSE:PLTR) in its fourth quarter 2023 investor letter:

“Second was another technology stock, Palantir Technologies Inc. (NYSE:PLTR), which rallied earlier in the quarter before pulling back. Sentiment remains positive on Palantir as it has successfully rolled out a new marketing effort called “boot camps” where customers can demo the company’s new artificial intelligence platform (AIP) product. These events have been popular with potential clients, and in many cases it has been reported that customers can develop an artificial intelligence use case in just a few hours. The stock rallied as some expected this successful marketing effort could translate into faster revenue growth. Palantir also landed the coveted National Health Services account in the UK, long rumored, but the delay in the award had weighed on investor sentiment.”