Overview
- Jim Cramer said on June 23 that he was disappointed there was “no mojo” after a CEO interview yet called Palantir a long-term growth story and said he has not lost faith in CEO Alex Karp.
- Palantir’s stock has slumped this year, trading roughly 23% below its year-to-date high and about 8% lower over the past year, which has heightened investor scrutiny.
- UBS reiterated a Buy rating with a $200 price target and argued Palantir’s Ontology and AIP work create a competitive edge that is hard for rivals to match.
- The company reported outsized Q1 2026 growth driven by its Artificial Intelligence Platform and expanded government contracts, which underpins bullish cases but has yet to calm valuation concerns.
- Investors are watching whether Palantir can scale AIP deployments, convert current demand into sustained revenue, and address valuation pressure after earlier insider stock sales raised additional doubts.