Fri Sep 20 13:39:22 UTC 2024: ## Palantir Technologies: Cramer’s “Cold” Stock with Potential

**New York, NY** – While Jim Cramer acknowledges the potential of Palantir Technologies (PLTR), he remains unsure about the company’s future. The data analytics firm, despite its recent strong commercial revenue growth, remains a “cold stock” for the CNBC personality, who struggles to fully understand its business model.

Cramer’s skepticism comes despite Palantir’s impressive performance in the AI market. The company’s Foundry and AIP platforms are helping businesses like Airbus, BP, and Tyson Foods achieve significant cost reductions and efficiency gains.

Despite these achievements, Palantir’s stock valuation remains a concern. Trading at a multiple of 21.2 times next year’s revenue, some analysts believe the stock is overvalued. While Palantir expects continued growth, they anticipate slower expansion in the coming years.

However, Carillon Scout Mid Cap Fund remains bullish on Palantir, citing its strong commercial customer growth and potential to become a leading AI software provider.

While Cramer’s lukewarm stance on Palantir may be surprising given its AI prowess, it highlights the importance of conducting thorough research before investing in any stock. Investors may want to consider other AI-focused companies that trade at lower valuations, as suggested by Insider Monkey’s report on the “cheapest AI stock.”

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