Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks in Jim Cramer’s spotlight. A caller asked if they are too late to jump into the stock, and Cramer replied:
“Okay, Palantir. When it was at $50, I said it was going to $100. When it got to $100, I said it’s going to $200. So, in that sense, the momentum is still with you, and it is not too late. Now, does it deserve that? These guys talk a big game. It’s a meme stock, okay. Like Robinhood, it’s a meme stock. The memesters won’t let the stock come in. It’s not a good reason to buy, but I’m telling you where it’s going.”
A software engineer intently typing code into a laptop with multiple screens in an office.
Palantir creates software that helps organizations analyze complex data, support critical decision-making, and run AI-powered operations. The company’s platforms are used for everything from counterterrorism to enterprise data integration and deploying advanced language models.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
