Jim Cramer Reiterates $250 Target for Palantir (PLTR) as Wall Street Remains Cautious

Jim Cramer, the host of CNBC’s ‘Mad Money,’ reiterated his $250 price target for Palantir Technologies (PLTR) on Thursday. Cramer’s stock predictions have often been either spot-on or wildly off the mark. The term ‘inverse Cramer’ has gained popularity among investors who believe his forecasts will yield opposite results.

Palantir shares are currently trading around $175, about 43% below the stated target. Whether Wall Street agrees with Cramer’s outlook is now a key question.

Two analysts highlighted sovereign AI demand, referring to government-run AI systems operating on internal infrastructure rather than external cloud vendors. Both raised their price targets following AIPCon11, Palantir’s customer event, and the company’s recent partnership in supply chain software with Nvidia.

The upward revisions came after Palantir surpassed Wall Street expectations in Q2 results, reporting $194 million in revenue—a 93% year-over-year increase. However, the broader sentiment remains cautious: among 23 analysts tracked by TipRanks, the average 12-month target is $202.11, with 17 buy ratings, four hold, and two sell recommendations. The lowest target stands at $80, below half of the current price.

Palantir currently trades at a forward P/E ratio of approximately 149, drawing repeated criticism from short-sellers like Michael Burry. Cramer also called for standardized AI regulations during a CNBC appearance earlier that morning before posting his target.