Cramer: Palantir Is Cheapest Ever, Adds 2 More AI Winners
Jim Cramer stated on his Mad Dash show that Palantir Technologies (PLTR) is the cheapest he has ever seen it, citing CEO Alex Karp's recent interview. He also named Salesforce (CRM) and ServiceNow (NOW) as additional AI winners.
Key Numbers
Prominent financial commentator Jim Cramer opened his Mad Dash show Thursday morning with a striking call: Palantir Technologies (PLTR) is now the cheapest he has ever seen it, despite the stock still trading at a trailing P/E of 146x. Cramer's comment came after watching CEO Alex Karp's recent interview.
Recommendation Change
Cramer did not formally change his rating but described the stock as "very cheap" relative to its historical valuation. The stock is trading near its 52-week lows.
Analyst's Rationale
Cramer believes Palantir is undervalued given its growth in the AI sector, especially after launching its AIP platform. He noted that Karp's interview reinforced confidence in the company's strategy.
Context
In the same segment, Cramer added Salesforce (CRM) and ServiceNow (NOW) as additional AI winners, praising their AI-powered products. Palantir has declined over 20% year-to-date.
What to Make of It
Cramer's comments may provide a sentiment boost, but investors should note the stock's high valuation at 146x earnings. Further research is recommended before making investment decisions.
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