Palantir Technologies (PLTR): “I’m Gonna Revise My Price Target When It Gets To 200,” Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As Analyzed Morgan Stanley’s Comments. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

Palantir Technologies Inc. (NASDAQ:PLTR) is a data analytics company whose shares have gained 98% year-to-date. The firm has experienced a positive environment driven by its ability to help the US government cut costs, leverage AI to increase business efficiencies, and strong earnings reports with strong Rule of 40 scores. In his previous comments about Palantir Technologies Inc. (NASDAQ:PLTR), Cramer has boasted that he was among the first to call a $100 price level. This time, he reiterated his opinion and added that he was ahead of analysts who were now raising the firm’s share price target to $200:

“Remember Palantir, I said at 50 it goes to 100. When it gets to 150, it gets to 200. I’m gonna revise my price target when it gets to 200. Cause it doesn’t matter. It doesn’t matter, it’s got the Rule of 40. It has the messianic CEO. When you bring them in, they make you money. And it has what this market really wants. Which is momentum.

“[On how there are some $200 price targets for PLTR] Oh yeah, but where were they when I was there?”

Here’s what Cramer commented about Palantir Technologies Inc. (NASDAQ:PLTR)’s price levels earlier:

“I love what they do. Because I think that they are helping everything from consumer product companies to financials to trying to get the Pentagon to do the right thing. Good piece in New Yorker by Dexter Filkins about drones and I’m thinking more about that’s Palantir. I just think that, and the other guys at Palantir are all delightful. But you know, Karp has to be Karp. Look, you can be who you want.”

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