Cramer sets $250 Palantir target as stock falls 11%

Palantir has returned to Jim Cramer's radar after he spent much of the first half of 2025 praising its cost-cutting potential, including for the Trump administration. That praise culminated in a $250 target, which Cramer framed around CEO Alex Karp's ability to shake up client companies, comparing Palantir to McKinsey but with "instinct." The stock's 11% decline this week shows how quickly sentiment can shift even for a stock Cramer calls "amazing" for its growth rates and profits. The body also notes Palantir's second-quarter strength: total contract value jumped 49% to $3.37 billion and US commercial revenue surged 149% annually, with bookings up 153% and 220 deals worth at least $1 million. Those figures suggest the commercial shift that long dominated the debate may be taking hold, though the stock's forward P/E of 85.47 and Rule of 40 score of 155% leave little room for error if growth slows.