PLTR - Cramer Calls Palantir A 'Buy Buy Buy' Despite Controversial CEO Karp's 'Insanity Is Growing' On Him | Benzinga
In his latest Mad Money show, CNBC’s Jim Cramer endorsed Palantir Technologies Inc. (NYSE:PLTR), deeming it as a “buy, buy, buy,” despite the company’s controversial CEO. This recommendation comes at a significant rally in the company’s stock price.
What Happened: On Monday, Cramer, in his Lightning Round segment, suggested that investors consider buying shares of Palantir, reported CNBC. Despite the controversy surrounding Palantir’s CEO, Alex Karp, Cramer’s endorsement is a significant vote of confidence in the company. Karp has been a polarizing figure, known for his unorthodox approach to business and public statements.
Despite this, Cramer’s endorsement of Palantir is indicative of the company’s strong performance and potential. This recommendation comes just days after Palantir’s stock rallied following its better-than-expected Q4 earnings and the CEO’s remarks during the earnings call.
Why It Matters: Cramer’s endorsement of Palantir is a significant development, given the company’s recent performance ...