CNBC host Jim Cramer has reaffirmed his price target for Palantir Technologies stock at $250. The shares are currently trading near $175, which implies a potential upside of approximately 43 percent. Cramer’s prediction follows the company's second-quarter performance, where revenue reached $1.94 billion, marking a 93 percent increase compared to the previous year.
Other market analysts have also adjusted their expectations. Karl Keirstead from UBS raised his target to $250 on September 15, while Gil Luria from D.A. Davidson increased his target to the same level four days earlier. Both analysts cited growing demand for sovereign AI systems and the results of the AIPCon11 customer showcase as key drivers for their revised outlooks.
Despite these bullish projections, the broader Wall Street consensus remains more conservative. According to data from 23 analysts tracked by TipRanks, the average 12-month price target is $202.11. Currently, 17 analysts rate the stock as a buy, four as a hold, and two as a sell, with the lowest target set at $80.
Palantir continues to expand its operations, recently securing a partnership with Nvidia focused on supply chain software. The company is currently trading at approximately 149 times trailing earnings. While the stock has gained 6.4 percent over the past five days, it remains below its 52-week high of $207.52.
