Jim Cramer sets his Palantir stock price target

Group 1 - Palantir has gained significant attention as a leading AI investment, with its stock price increasing by 97.93% over the past six months, closing at $158.80 on July 25 and reaching $160.99 in pre-market trading on July 28 [1] - Jim Cramer has expressed strong bullish sentiment towards Palantir, indicating plans to raise his price target to $200 as the stock continues to perform well [1] - Piper Sandler initiated coverage on Palantir with an Overweight rating and a price target of $170, highlighting its unique growth and margin model, with potential to achieve a $24 billion run-rate by 2032 [2] Group 2 - Despite the positive outlook, Piper Sandler cautioned that Palantir is a high-risk investment, trading at a high trailing P/E ratio of 336x, close to the Magnificent 7's average of 342x, indicating potential for significant volatility [3] - The contrasting views from Cramer and Piper Sandler illustrate the mixed sentiment surrounding Palantir, recognized as an AI leader with substantial market potential but also facing challenges related to its valuation and volatility [4]