"I'm Not Concerned" About Palantir, (PLTR) Says Jim Cramer

We recently published 11 Stocks Jim Cramer Talked About. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed.

Cramer commented on data analytics firm Palantir Technologies Inc. (NASDAQ:PLTR) after co-host Carl Quintanilla mentioned the firm’s recent share price movement:

“I’m not concerned. I was talking with someone about defense and someone about aerospace in the last few days. They are a major force in defense and aerospace. Doing what I think is the right thing. I can’t back away from Palantir. The problem is the valuation, obviously, because they’re making a ton of money. But I can’t back away from it because everything Karp says about the growth and the profit is true! And I can’t just say, you know what, he’s wrong. You want to pay that for that? I know people will, I think that Palantir’s an amazing company. You know it’s funny, when you bump into someone that using them, all they ever say is we’ve had wholesale revolution at our company because of Palantir. Look I had to check, before I got on board with this thing at 50, I checked with a lot of CEOs that hired them, I have yet to find a CEO who said, yeah you know what, we lost our money with them. It’s the opposite. It’s like they revolutionized, they changed our company radically.

“Palantir, and by the way, their defense, what they’re saying about defense, they would revolutionize our country. They’re very, very good at what they do. Yes I mean Alex has a take on the show, look he’s a personality, I don’t care about the personality. I care about the numbers. And the numbers are real, they’re very real.”

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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.