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Palantir Technologies (PLTR) Stock: Why Jim Cramer Loves It But Won’t Buy It
Jim Cramer’s enthusiasm for Palantir Technologies Inc. (PLTR) stock is undeniable, despite not being willing to purchase it himself at the current price. The Mad Money host has been vocal about his positive stance on the company, highlighting its nuclear operating system projects and AI algorithms as a primary driver of growth. Revenue growth has indeed accelerated to 39%, with U.S. commercial revenue jumping 71% year-over-year. This rapid expansion is attributed to businesses seeking Palantir’s top-tier analytics tools for their operations.
While Cramer commends the company’s strong financials, he refrains from buying into the hype due to its unsustainable valuation. With a sales multiple of 114 times, Palantir Technologies (PLTR) stock trades at an extraordinary premium. In contrast, Nvidia’s (NVDA) similar gross margins and rapid growth pale in comparison, with a much more reasonable 23-24 times sales ratio. This disparity highlights the need for caution when considering investment opportunities.
It is crucial to consider not only Palantir Technologies’ financials but also its valuation when assessing potential returns on investment.
Source: coincentral.com
