Jim Cramer on Palantir Technologies Inc. (PLTR): ‘It’s Absurdly Expensive, But Here’s The Catch:
Palantir Technologies Inc. (NYSE:PLTR) has been a subject of interest for Jim Cramer, with the Mad Money host expressing concerns about its valuation despite his overall bullish stance on the stock. Cramer noted that while Palantir's business is expanding, its high price-to-earnings ratio makes it "absurdly expensive." However, he believes that the company's strong fundamentals and growth prospects make it a valuable investment.
- This focus on Palantir highlights the disconnect between CEO sentiment and investor perception, where CEOs are optimistic about the company's future while investors remain cautious due to valuation concerns.
- How will Palantir's performance during the upcoming earnings season impact its stock price, particularly in light of growing competition in the data analytics sector?