Jim Cramer says Palantir stock will hit this price by year's end

Core Viewpoint - The company has experienced significant positive developments, including its inclusion in the S&P 500 index and major government contracts, while facing skepticism from analysts regarding its growth potential [1][3]. Group 1: Positive Developments - The company was included in the benchmark S&P 500 index, which is a significant milestone [1]. - It has secured major government contracts, enhancing its market position [1]. - The company is moving its listing from NYSE to NASDAQ for inclusion in the Nasdaq 100, indicating a strategic shift [1]. Group 2: Analyst Sentiment - Wall Street analysts express doubts about the company's continued growth, suggesting that recent successes may already be priced in [3]. - Recent analyst ratings have been cautious, with three December reassessments resulting in 'neutral' or 'sell' ratings, indicating a bearish outlook [9][10]. - Baird forecasts a price of $70 in 12 months, while Mizuho Securities has a bearish target of$44, despite raising it from $37 [10]. Group 3: Stock Performance and Predictions - The company's stock has rallied 238.46$81.57 [6]. - Jim Cramer has set an ambitious price target of $100 by December 31, requiring a 22.6$100 target would necessitate an average increase of $3 per session over the remaining trading days, which is significantly higher than the recent average increase of$1.25 per session [8].