Palantir (NYSE: PLTR) has become one of 2025’s most talked-about AI plays, and Jim Cramer isn’t hiding his enthusiasm.
The stock closed at $158.80 on July 25, up a staggering 97.93% over the past six months, and continued its upward march in pre‑market trading on Monday, July 28, at $160.99 (+1.38%).
Cramer has been steadily increasing his bullish tone. Late last week, he hinted at raising his personal target, declaring:
“I’m gonna revise my price target when it gets to 200.”
By Monday, his conviction had only strengthened. Reflecting on the stock’s recent momentum, he said:
“Palantir being pushed up nicely. Right through $150 like a knife through butter. Next stop: $200.”
Wall Street cautious on PLTR stock
His comments come at a time when Wall Street is split between enthusiasm and caution on Palantir. Just days earlier, Piper Sandler initiated coverage on the company with an Overweight rating and a $170 price target, lauding it as a “one‑of‑a‑kind growth+margin model” with the potential to achieve a $24 billion run‑rate by 2032.
At the same time, the firm issued a warning: Palantir remains a “high‑risk investment,” trading at a lofty 336x trailing P/E, just shy of the Magnificent 7’s combined 342x average, and prone to sharp drawdowns that can test investors’ nerves.
Together, Cramer’s $200 call and Piper Sandler’s tempered optimism show the push‑and‑pull narrative surrounding Palantir: a company being crowned an AI All‑Star, capturing massive total addressable markets, yet carrying the kind of valuation and volatility that demand conviction from anyone willing to hold on for the ride.
