Jim Cramer Reaffirms $250 Palantir (PLTR) Price Target as Stock Lags 43% Behind

Cramer Sticks to His $250 Call

CNBC Mad Money host Jim Cramer reiterated his $250 price target on Palantir (PLTR) during Thursday's broadcast, a call that would require the data-analytics firm to rally roughly 43% from its current trading zone near $175. The same level was first publicized on his own post on X, where he framed the move as lifting the target from $200 to $250. Our desk notes that the gap between the stock and the call now stands at about $74 — a distance Palantir can only close if commercial bookings keep expanding at their current pace.

his own post on Xhttps://x.com/jimcramer/status/1983615967050744176?ref_src=twsrc%5Etfw

The reaffirmation landed in a market that treats Cramer's calls as a contrarian signal in their own right. The "Inverse Cramer" meme, popular across retail trading communities, rests on the premise that his predictions have historically been hit-or-miss, making the opposite trade a running joke — and occasionally a strategy. Timing matters here, too: Palantir chief executive Alex Karp appeared on CNBC the very same morning, pressing for enforceable guidelines around artificial intelligence, and Cramer published his revised target shortly afterward.

Palantir shares have gained 6.4% over the past five sessions, yet the stock still sits below its 52-week high of $207.52. That leaves roughly 15% of upside to the prior peak before Cramer's target even enters range — a reminder of how aggressive the call is relative to where the equity actually trades today.

Wall Street's Cautious Consensus

Sell-side desks moved first. UBS analyst Karl Keirstead lifted his target from $220 to $250 on September 15, and four days earlier D.A. Davidson's Gil Luria made the identical jump from $200. Both pointed to sovereign AI demand — meaning AI systems that governments run on their own infrastructure rather than on an outside vendor's cloud — as the growth engine behind the raises. The revisions followed AIPCon11, Palantir's customer showcase, and a fresh partnership with Nvidia on supply-chain software.

The fundamental backdrop is undeniably strong. Q2 results beat Wall Street estimates, with revenue reaching $1.94 billion, up 93% from a year earlier. But the broader analyst community remains far less convinced than Cramer. Across the 23 analysts tracked by TipRanks, the average 12-month target stands at $202.11 — well below his number — with seventeen rating the stock a buy, four a hold, and two a sell. The lowest target on the board is $80, under half the current price.

Valuation is the sticking point. At roughly 149 times trailing earnings, Palantir commands a premium that dwarfs established software and hardware names investors use for comparison — diversified mega-caps such as Apple, enterprise platforms like ServiceNow and Zoom, and semiconductor players including Qualcomm. That multiple has drawn repeated criticism, including from short seller Michael Burry, who has publicly questioned whether the growth justifies the price. Readers tracking the market in real time can follow live spot and futures prices on Bitget.

Bookings Pace Holds the Key

Read together, the two threads form one coherent story: an AI-demand narrative strong enough to pull targets higher at UBS and D.A. Davidson, colliding with a valuation debate that keeps the median Wall Street call nearly $50 below Cramer's. The primary record here is Cramer's own post — the document states the raise from $200 to $250 in plain terms — and it is the company's bookings trajectory, not commentary, that will arbitrate between the two camps. In our reading, the $74 gap to the target functions as a live referendum on whether sovereign AI demand can compound fast enough to compress that 149x multiple before sentiment turns. Watch the next bookings print.