Jim Cramer Says "Palantir's Going to $200"

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 17 stocks that Jim Cramer commented on. When Cramer was asked about Palantir Technologies Inc. (NASDAQ:PLTR), he said, “Palantir’s going to $200.”

Palantir (NASDAQ:PLTR) develops software platforms that help organizations integrate, analyze, and act on complex data, supporting intelligence operations, enterprise decision-making, and AI-driven processes through its different tools. In May, Cramer called the stock the “ultimate meme stock,” as he said:

“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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Disclosure: None.