News report 📈 Stocks 🌍 United States

Jim Cramer Reaffirms $250 Price Target for Palantir Amid Growth Surge

Palantir shares face a valuation debate as Jim Cramer maintains a $250 price target, citing strong Q2 earnings and AI platform adoption despite concerns over international growth and high receivables.

📅 September 18, 2026 🕐 1 min read

1 assets impacted (Stocks). Net bias: 1 Bullish, 0 Bearish, 0 Neutral. Strongest signal: PLTR ↑ 7/10 (60% confidence).

📊 Affected Assets (1)

PLTR

Bullish 🤖 60%

📅 Short-term 🌍 US · Explicit

Jim Cramer reiterated a $250 price target for Palantir after strong Q2 growth metrics, though valuation and accounts receivable concerns remain.

🎯 Key Takeaways

Palantir reported a 93% increase in Q2 revenue and a 155% Rule of 40 score, significantly exceeding industry benchmarks.
Concerns persist regarding a high forward P/E ratio of 78 and $1.49 billion in accounts receivable, with 27% tied to a single customer.
Hedge fund interest cooled in Q2, with the number of funds holding positions dropping from 96 to 86.

📝 Executive Summary

CNBC host Jim Cramer has reiterated his $250 price target for Palantir Technologies following a robust second quarter. While the company reported triple-digit growth in US commercial revenue and a strong Rule of 40 score, investors remain cautious regarding its high forward P/E valuation and rising accounts receivable.

❓ FAQ

Why is there debate surrounding Palantir's current valuation?

Despite strong revenue growth, Palantir trades at a forward P/E multiple of 78, which is significantly higher than SaaS peers like ServiceNow, leading some analysts to question if growth can sustain the premium.

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