PLTR - Jim Cramer Bullish On Palantir's Performance And Stronghold In IT Defense Industry: 'They've Owned That Franchise' | Benzinga
Jim Cramer recently expressed his confidence in the defense business of Palantir Technologies Inc. (NYSE:PLTR).
What Happened: On CNBC’s “Mad Money,” Jim Cramer gave a thumbs-up to Palantir Technologies Inc. (NYSE:PLTR), praising the company’s recent performance and its defense sector presence.
During the “Lightning Round,” Cramer responded positively to a caller’s inquiry about Palantir. He highlighted the company’s satisfactory earnings and its stronghold in the IT defense industry.
"I like it. I thought they had a good quarter, they have a good defense business, I like IT defense work, and they've owned that franchise,” he said.
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Why It Matters: Cramer’s recent endorsement of Palantir is significant, considering the company’s ongoing expansion in the defense sector. Just before Cramer’s comments, Palantir secured a lucrative contract with the Defense Information Systems Agency (DISA). ...