Jim Cramer has clear favorite software stock right now and its not Palantir — despite its meteoric rise over the past year and all the attendant Wall Street excitement.
Palantir has quickly staked its claim as "the most highly valued enterprise software data analytics company," Jim Cramer said Monday on Squawk on the Street.
"I would love to put it [Palantir stock] in my Charitable Trust, but it doesn't fit any parameter other than the fact that I think it's going up.
Palantir saw explosive growth in 2024 with its U.S. commercial business jumping 50% compared to its 36% gain in 2023.
Salesforce, on the other hand, fits into Jim's investment philosophy and is a holding in Jim Cramer's Charitable Trust, the portfolio we use for the Club.
Persons:
Jim Cramer, Jim, Alex Karp, Palantir, Morgan Stanley, Jim isn't, Tesla, Jim Cramer's
Organizations:
Investors, Jim Cramer's Charitable Trust, Club
Locations:
Squawk