Jim Cramer on Palantir: “Can’t Avoid Buying Another Data Center”

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 22 stocks Jim Cramer recently talked about. Cramer noted that the stock is once again being bought by “meme buyers” after a day of pause, and said:

“Oh, and, and I don’t want to go too far… The meme buyers, after yesterday’s vacation, they’re right back. They’re buying Palantir, the ultimate story stock…. I expect Palantir, currently at $132 and change, to go to $200 this quarter. Can’t avoid buying another data center.”

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

Palantir (NASDAQ:PLTR) develops software platforms that enable organizations to analyze complex data, support decision-making, and carry out operations. Its tools are designed for intelligence, enterprise data integration, and AI-driven workflows. On July 1, Cramer said:

“But what do we do with the very different set of winners for the first half? I want you to consider the GE Vernovas and the Howmets and the Palantirs, the stocks that are likely to finish the year dramatically higher from these exalted levels. What do you do with the stocks that have been on a run nonstop for 26 weeks, though? I think you send them on one of those two-week vacations like that Southeast Asia, Cape Town, maybe New Zealand. You pay no attention to them. Let them have a good time. Just take them off your screen, come back to them when the rotations run its course.

Okay, there’s one that’s not like that, though, Palantir. I think Palantir’s, it’s taken a rare dip. This one’s actually more of a shorter, Palantir’s going on a staycation. I say it can be bought, starting in three days. Monday morning, buy some Palantir. Then, after that, you can go… for the power generators. Remember Palantir, I said when it was at $50, I said it’s going to $100. When it was at $100, I said it’s going to $200. I’m sticking by that.”

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Disclosure: None.