I'm Hearing Good Things About Palantir (PLTR), Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Talked About. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

When discussing analytics firm Palantir Technologies Inc. (NASDAQ:PLTR), Cramer commented on its share price and role in the defense contractor ecosystem:

“[On whether PLTR could muscle through 190] Yes I can and how about this Axios piece, very interesting. About how Alex Karp and how he got to be all MAGA. I am a big believer. I said at 50, Palantir goes to hundred. I said at 100, it goes to 150. When it got to 150, I said it goes to 200. Now I have a source in the company involved with defense who came up to me, and Salesforce, and said, secretly, they like me.

“Right. I went home I told my wife, I said Palantir likes me. She goes what’s Palantir. I said well that’s pretty much saying it all. But these guys are involved. Now I have to tell you, that RTX lost a particular contest against them. The rap against Palantir is maybe they can’t scale when it comes to hardware. When I saw that Ortberg gave them the contract for Boeing on how to organize things. That’s very good. I continue to hear people just saying, because I bring them in, I save money. I mean I’m not hearing that for anybody else. Bring them in, save money. Alex Karp, there are other people there, and they are doing some great stuff in terms of trying to get the Defense Department to spend less money. And get, and become more lethal.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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