CNBC host Jim Cramer has reaffirmed his bullish outlook on American software giant Palantir (NASDAQ: PLTR).
Specifically, the Mad Money host indicated in an X post on October 24 that the stock’s next stop could be $200.
His projection comes as PLTR has recently hovered around the $200 mark, fueled by strong Q2 earnings. At the close of the last trading session, Palantir ended at $184.63, up more than 2%, while year-to-date the stock is up 144%, ranking among the best performers.
This is not the first time Cramer has expressed optimism about Palantir. In late September, he described the stock as speculative.
At that time, PLTR traded at roughly 277 times this year’s projected earnings, a valuation analysts consider extremely high. Its offerings, data aggregation, AI pattern recognition, and cybersecurity solutions, have strong client support, but the elevated price-to-earnings ratio reflects higher investor risk.
The recent rally is largely attributed to investor response to Palantir’s strong Q2 results. The company posted $1 billion in revenue, up 48% year-over-year, with net income rising 144% to $327 million and adjusted EPS of $0.16, surpassing expectations.
U.S. commercial and government revenue climbed 93% and 53%, respectively. The company also raised its full-year 2025 revenue guidance to $4.14 to $4.15 billion.
Attention now turns to Palantir’s Q3 results, scheduled for release on November 3, 2025.
Palantir partnerships
Meanwhile, the company has strengthened its position in AI and data analytics through several key partnerships in 2025.
Palantir teamed up with Lumen Technologies for enterprise AI integration, expanded collaboration with Lear Corporation in automotive technology, and partnered with Boeing Defense, Space & Security to implement AI across military production lines.
Additional alliances include SNC for AI transformation, Fedrigoni for operational improvements, and Samsung to enhance chip yield and quality.
Featured image via Shutterstock
