Jim Cramer Says “I Think Palantir Is Going Higher”

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer shed light on. When a caller asked about the stock, Cramer commented:

“Alright, I don’t want you to sell Palantir. Palantir is a great… high-quality name. Alex Karp is a bit of a wild man. I don’t mind that. I think that they’re doing incredible work. Now, I know there was an article in the Washington Post today about them working with ICE. You have to keep your politics out if you want to make a lot of money. Not that I’m like crazy about… some of the things they do and they don’t. But if you’re asking me whether I think the stock’s going higher, which is what I think you are… I think Palantir is going higher.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Palantir Technologies Inc. (NASDAQ:PLTR) develops data analytics and AI software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence Platform, that help organizations integrate, analyze, and act on complex data. A caller asked for Cramer’s advice on the stock during the November 21 episode, and he replied:

“Alright, I’m a buyer of Palantir. I know it’s come off, but it’s a wild trader. This is Alex Karp. He’s not a close friend of mine, but I think he knows what he’s doing.”

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