Jim Cramer on Palantir: “I Say it Can be Bought”

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 25 stocks Jim Cramer recently shared insights on. Cramer highlighted his past predictions of the company stock going to $200 and said that he’s “sticking by that.” He commented:

“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.”

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

Palantir (NASDAQ:PLTR) develops software platforms that enable data integration, analysis, and decision-making for intelligence, defense, and commercial applications. The company provides tools like Gotham, Foundry, Apollo, and its AI platform to transform complex data into actionable insights.

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Disclosure: None.