Was Jim Cramer Right About Palantir Technologies Inc. (PLTR)?

We recently published a list of Was Jim Cramer Right About These 11 Stocks? In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other stocks that Jim Cramer discusses.

A caller asked about Palantir Technologies Inc., focusing on its commercial and military applications. Cramer replied:

“Palantir’s got good commercial and good military. They want to emphasize the commercial. I think it’s fine. When it comes to cybersecurity, I am partial to Palo Alto even down here.”

Cramer’s comparison wasn’t exactly the best, as Palantir surged by 495.13% while Palo Alto is up significantly less. Palantir Technologies Inc. (NYSE:NASDAQ) is expanding its AI-powered data platforms across government and enterprise clients, with a growing backlog of defense-related contracts.

Was Jim Cramer Right About Palantir Technologies Inc. (PLTR)?

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

Despite the stock’s continued outperformance, Cramer remains unimpressed. Heres’ what he said earlier in May:

“The ultimate meme stock for the moment is this company called Palantir, which reports. It’s a cybersecurity company. Now this one’s moved up by persistent retail buying that starts around 4:00 AM every day when they literally walk it up a couple of points before the bell and then continue to keep it at that level until the close.

It’s possible the story’s not as big as the hype or the hope, but we know that Palantir’s got a constituency of retail buyers that just won’t quit. I don’t know if they’ll quit when they see the number.”

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This article is originally published at Insider Monkey.