Jim Cramer Says the "Year of Magical Investing" is "Led by Palantir"

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently provided insights on. Cramer praised the company’s CEO during the episode, as he commented:

“The year of magical investing continues. As always, it’s led by Palantir, the super intelligence/AI/defense company with a stock that’s blown through all my previous price targets. It’s now within striking distance of $200 after it’s more than 2% move higher today. The messianic CEO Alex Karp has the growth, the profits, and the fan base. I’m tempted to raise my $200 price target to $250 right here, right now, but it might be better to save the hyperbole until Palantir actually takes out $200. You have to be impressed at the level of early morning buying in the stock. The buyers like to take it up three or four points about two hours before the bell rings.”

Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms that integrate, analyze, and manage complex data for intelligence and enterprise operations.

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