Jim Cramer Calls Palantir A 'Buy, Buy, Buy'

In his latest Mad Money show, CNBC’s Jim Cramer endorsed Palantir Technologies Inc. PLTR, deeming it as a “buy, buy, buy.” This recommendation comes amid a significant rally in the company’s stock price.

What Happened: On Monday, Cramer, in his Lightning Round segment, suggested that investors consider buying shares of Palantir, reported CNBC. This came just days after Palantir’s stock rallied following its better-than-expected fourth-quarter earnings and the CEO’s remarks during the earnings call.

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Why It Matters: Cramer’s endorsement of Palantir is a significant development, given the company’s recent performance. Palantir has been gaining traction in the market, with its stock rallying following its fourth-quarter earnings report.

Moreover, this recommendation comes at a time when influential figures like Cathie Wood are also showing faith in the company’s potential, further solidifying Palantir’s position in the market. Cramer’s endorsement adds to the growing narrative of Palantir’s resilience and potential.

Earlier, Cramer took to x, formerly Twitter, to express his approval of Palantir’s CEO stating that his “insanity is growing” on him following the fourth quarter earnings call.

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