Opinions
Jim Cramer - Mad Money
Palantir Technologies
PLTR-Q
DON'T BUY
Jan 06, 2025
Stock price when the opinion was issued
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Premium contentPalantir Technologies Inc. is a pioneering data analytics company that provides software solutions to a broad range of industries, including government, finance, healthcare, and manufacturing. Established in 2003, the company has grown to become a prominent player in the data analytics field, offering platform solutions that enable organizations to effectively integrate, visualize, and analyze large volumes of data. Palantir's key products include Palantir Gotham, Palantir Metropolis, and Palantir Foundry. Social media mentions are up 5.1% in the past 24h.
It reports after the closing bell. Owns a small position. A year ago, they were all-in with AI. They already had a proven track record with government. She expects 38% and 53% revenue and earnings growth this quarter. The chart looks exponential, but it will march higher tomorrow. PLTR is one of the few companies implementing AI, a rare pure-play.
Premium contentPalantir Technologies Inc. is a public American software company that specializes in big data analytics. Founded in 2003, the company is headquartered in Denver, Colorado. Palantir's platforms, including Palantir Gotham and Palantir Foundry, are designed to integrate and analyze data from various sources. The company serves a broad range of customers including commercial enterprises and government agencies, primarily focusing on defense, intelligence, and law enforcement sectors. Social media mentions are up 27.5% in the past 24h.
Shares have jumped nearly 50% since the election, which you can't dismiss, but you can't justify its PE now. That won't stop shares from climbing higher though, because PLTR is tight with Trump. According to a Palantir report last October, there used to be 51 defence contractors, but after merging there are now only five major companies. Rather than innovative, these companies are gaming government contracts. Trump appointed Elon Musk to the new Efficency Dept. and Musk is tight with the PLTR co-founder who is also a big Trump donor. There's talk of radically changing the Pentagon's procurement process, which could stir serious problems with defence contractors. This may be why defense stocks have fallen since the election. Then, Musk openly criticized Lockheed Martin, which stirred these fears. For pure defense stocks, wait and see. This sector is untouchable.