Jim Cramer Turns Bullish On Palantir: 'Make A Move And Buy Some'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, host of CNBC's 'Mad Money', has recommended buying shares of Palantir Technologies Inc. (NYSE:PLTR), citing the company's growth potential and recent $178 million contract with the U.S. Army. Palantir's stock closed at $22.84, reflecting a slight increase and showcasing a significant trading range over the past year. Additionally, Cathie Wood's Ark Invest has shifted funds from Coinbase to Palantir, further highlighting investor interest.
April 12, 2024 | 11:01 am
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POSITIVE IMPACT
Jim Cramer's bullish stance on Palantir, coupled with a significant U.S. Army contract and Ark Invest's purchase, could drive short-term investor interest and potentially boost stock prices.
Jim Cramer's recommendations often sway investor sentiment, potentially leading to short-term price increases. The U.S. Army contract underscores Palantir's growing role in defense, enhancing its market position. Ark Invest's reallocation from Coinbase to Palantir signals strong confidence from influential investors, further supporting potential price uplift.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100