Palantir Technologies Inc. (PLTR): I've Always Been Bullish, Says Jim Cramer

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Jim Cramer Says Trump’s Angry At Everybody & Discusses These 11 Stocks.

Palantir Technologies Inc. (NASDAQ:PLTR) is a business analytics company whose shares are among the top performers this year. The stock has gained 90% year-to-date due to the firm’s key role of providing software that allows for efficient business operations to the US government. Palantir Technologies Inc. (NASDAQ:PLTR) is also perhaps one of the largest pure-play software defense contractors in America which has helped stabilize its business as overall corporate spending remains slow. Cramer regularly discussed the stock during the first quarter as he outlined that Palantir Technologies Inc. (NASDAQ:PLTR) could benefit from efficiency drives in the US government led by Elon Musk’s DOGE at the time. This time around, he commented on whether the stock can touch $200:

“And by the way, Palantir. A guy asked me, why aren’t I more bullish on Palantir? I said when it was at 50 I said it was going to a 100. When I said it was a hundred, I said it was going to 200. I can’t raise it yet! Can it go to 200? First they had them on this morning, I mean you know different guy, they didn’t have Karp on. This guy didn’t curse. It was great because it would have been double curse if we had Karp and the President.”

Recently, Cramer also called Palantir Technologies Inc. (NASDAQ:PLTR) a meme stock. Here is what 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.”

While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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