Jim Cramer Says Palantir Stock “Needs to Cool off in Order to Grow into Its Market Capitalization”

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the latest stocks on Jim Cramer’s radar. Cramer explained why the stock pulled back after earnings, as he commented:

“No stock in the entire world epitomizes the straddle between the first world of technology and the third world of speculation more than Palantir, which reported earnings last night, only have to see its stock plunge almost 8% today. It was a truly bruising session, but after a magnificent run… It’s an incredibly lucrative, amazingly fast-growing business as measured by gross margins, which are huge, and the revenue growth, which is insanely fast… Wall Street professionals use something called the Rule of 40…

Photo by Adam Nowakowski on Unsplash

Palantir Technologies Inc. (NASDAQ:PLTR) develops data analytics and AI software platforms, including Gotham, Foundry, Apollo, and Palantir Artificial Intelligence Platform, that help organizations integrate, analyze, and act on complex data.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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