Jim Cramer on Palantir: "I Can't Back Away From It Right Here"

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer shared his thoughts on. When a caller asked if Cramer still likes the company, he stated:

Yes, I like Palantir. Now, Palantir’s trading right now with the cohort that is ServiceNow and Salesforce. By the way, those are great companies. But I think that right, look, everything I hear when you hire them, business does better. And that’s why I liked it, not momentum. So I can’t back away from it right here. If anything, I would say a great opportunity to buy Palantir, and it’s not like I talked to Dr. Alex Karp.

Palantir Technologies Inc. (NASDAQ:PLTR) develops data analytics and AI software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence Platform, that help organizations integrate, analyze, and act on complex data. A caller asked for Cramer’s opinion on the stock during the January 22 episode, as he commented:

I like Palantir. I mean, I like Palantir, but I’m watching, of course… the unbelievable work that our team is doing over in Davos. And over and over and over again, what do you hear? Well, Palantir’s great. Palantir’s great. Palantir’s great. I would not leave Palantir. I know it’s momentum. It’s not going away.

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