Jim Cramer on Palantir: “A Talented Company With a Messianic Leader”

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks to watch as Jim Cramer looked at market rationality. Cramer called it “a talented company” and said:

“These skeptics want to understand crypto, but they can’t get their arms around it. They don’t get how there’s a consultant company that’s won over both the government and the private sector by saving them fortunes, like Palantir. This stock, more than any other, any quantum or nuclear, biotech is the one that truly rankles them. To me, that’s the most irrational view of all, not about Palantir, but about the view that they have. Palantir’s a talented company with a messianic leader who knows how to win big contracts. It’s just, it’s very hard… to value the stock. If you use traditional metrics like earnings per share, the valuation looks insane. But if you use the Rule of 40, the way we do on this show to judge enterprise software stocks, you can understand why this thing won’t stop running. It’s incredibly cheap. Palantir, rational? Let’s just say there’s no method to its madness.”

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Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms that integrate, analyze, and manage complex data for intelligence, defense, and enterprise applications. The company’s products include Gotham, Foundry, Apollo, and an AI platform that supports data-driven decision-making and real-world operations.

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Disclosure: None. This article is originally published at Insider Monkey.