Jim Cramer Made Accurate Predictions About These 4 Stocks

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1. Palantir Technologies Inc (NYSE:PLTR)

Number of Hedge Fund Investors: 44

In December 2023, Jim Cramer said during his program that he “disliked” Palantir Technologies Inc (NYSE:PLTR) for a “long time, but not anymore.” He praised Palantir Technologies Inc’s (NYSE:PLTR) “dynamite” quarter at that time and recommended investors to buy the stock.

Jim Cramer’s prediction that the stock would grow was correct. The stock has gained about 41% year to date through March 15, as it keeps grilling short sellers.

Wedbush’s Dan Ives recently upped his price target for Palantir Technologies Inc (NYSE:PLTR) after attending Palantir Technologies Inc’s (NYSE:PLTR) AIPCon conference.

“Our recent checks on Palantir in the field have been incrementally more bullish as we believe the AIP foundation is becoming viewed by many US enterprises as the ‘launching pad of AI use cases,” said Dan Ives, who increased his price target for the stock to $35 from $30.

Carillon Scout Mid Cap Fund made the following comment about Palantir Technologies Inc. (NYSE:PLTR) in its Q3 2023 investor letter:

Palantir Technologies Inc. (NYSE:PLTR)’s stock moved higher on hopes that it could win business from the U.K.’s National Health Services and as customer counts grew rapidly in the latest quarterly report for the company’s new Artificial Intelligence Platform (AIP). Palantir also won a significant new contract with the U.S. Army in September, which should last through 2026. The debate on the street is how fast Palantir can monetize its new commercial customers. After the quarter closed, the company announced an enhanced marketing deal with a major auditing and consulting firm.”

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