Jim Cramer predicts Palantir Technologies Inc. (PLTR) could reach $200
Jim Cramer discussed Palantir Technologies Inc. (PLTR), predicting it could reach $200. He believes the company, known for its data analytics, is the fastest-growing globally. Cramer highlighted Palantir’s nuclear deal, emphasizing its potential in the market. While Cramer doesn’t own PLTR, he remains a strong advocate of the stock.
Despite PLTR’s potential, some believe other AI stocks offer greater returns with less risk. Investors seeking a cheap AI stock can explore alternatives. Analysts emphasize the importance of diversifying investments and considering various options in the market. Investors are encouraged to explore opportunities within the AI sector for potential growth.
Read more at finance.yahoo.com
– Yahoo Finance reports that the S&P 500 hit a record high on Friday, closing at 4,352.34. The Dow Jones Industrial Average also rose 448.23 points to 34,870.16, while the Nasdaq Composite climbed 142.13 points to 14,701.92. This marks a strong finish to the week for the stock market.
– According to finance.yahoo.com, tech stocks led the gains on Friday, with Apple, Microsoft, and Amazon all posting positive numbers. Apple rose 2.1%, Microsoft gained 2.8%, and Amazon was up 2.2%. This surge in tech stocks helped drive the overall market to new highs.
– Yahoo Finance notes that the strong performance of tech stocks was fueled by positive economic data, including a report showing that consumer spending increased by 0.6% in June. Additionally, the University of Michigan’s consumer sentiment index rose to 81.2 in July, beating expectations of 80.8.
– On finance.yahoo.com, it is reported that investors are optimistic about the economic recovery as COVID-19 cases decline and vaccination rates rise. This positive sentiment, along with strong corporate earnings reports, has contributed to the recent rally in the stock market. Analysts expect this trend to continue in the coming weeks.: “No Reason” For It To Not Touch $200, Says Jim Cramer