During the August 24 Mad Money lightning round, when a caller inquired about Palantir Technologies Inc. (NASDAQ:PLTR), Cramer responded:
Okay, now here's the issue with Palantir. I have been committed to saying it was going to go up to $250, at least $200. I'm not backing away. They've had an amazing quarter. It's a great spec, but it is a spec. And I know people pilloried me when I came all the way back. But I stuck with it, and I'm not leaving it. I think it's real good. What can I say?
Cramer's unwavering stance on the company builds on a conviction he defended through summer market volatility. Following a dramatic weekly rally earlier in August where the stock jumped 44.1% in under a week, a caller during the August 11 episode highlighted its lack of direct enterprise software competition, and Cramer responded:
I got to tell you, the litany is true. I have been saying that Palantir, remember, I was the guy who was on the hook for the $200 going to $250, but they're making me proud, and are they my buddy, pal, friends? Probably not… I will say they had a great quarter and they deserve a little bit more. They deserve some of the love.
Palantir Technologies Inc. (NASDAQ:PLTR) presented a stellar second-quarter earnings report. Total revenue surged 94% year-over-year to $1.94 billion, comfortably beating Wall Street consensus estimates by $130 million. Growth was heavily powered by the U.S. commercial segment, which skyrocketed 149% year-over-year to $764 million as enterprise adoption of the Artificial Intelligence Platform (AIP) accelerated. Non-GAAP diluted earnings per share reached $0.41, topping expectations by $0.06. The management raised full-year 2026 revenue guidance to approximately $8.15 billion, solidifying Palantir Technologies Inc.'s (NASDAQ:PLTR) status as a dominant software player in enterprise and government AI sovereignty deployments.
#technologies #pltr #quarter
Okay, now here's the issue with Palantir. I have been committed to saying it was going to go up to $250, at least $200. I'm not backing away. They've had an amazing quarter. It's a great spec, but it is a spec. And I know people pilloried me when I came all the way back. But I stuck with it, and I'm not leaving it. I think it's real good. What can I say?
Cramer's unwavering stance on the company builds on a conviction he defended through summer market volatility. Following a dramatic weekly rally earlier in August where the stock jumped 44.1% in under a week, a caller during the August 11 episode highlighted its lack of direct enterprise software competition, and Cramer responded:
I got to tell you, the litany is true. I have been saying that Palantir, remember, I was the guy who was on the hook for the $200 going to $250, but they're making me proud, and are they my buddy, pal, friends? Probably not… I will say they had a great quarter and they deserve a little bit more. They deserve some of the love.
Palantir Technologies Inc. (NASDAQ:PLTR) presented a stellar second-quarter earnings report. Total revenue surged 94% year-over-year to $1.94 billion, comfortably beating Wall Street consensus estimates by $130 million. Growth was heavily powered by the U.S. commercial segment, which skyrocketed 149% year-over-year to $764 million as enterprise adoption of the Artificial Intelligence Platform (AIP) accelerated. Non-GAAP diluted earnings per share reached $0.41, topping expectations by $0.06. The management raised full-year 2026 revenue guidance to approximately $8.15 billion, solidifying Palantir Technologies Inc.'s (NASDAQ:PLTR) status as a dominant software player in enterprise and government AI sovereignty deployments.
#technologies #pltr #quarter
2 days ago
