Cramer Says Palantir Is the Cheapest He’s Ever Seen It, Names ServiceNow and Salesforce as AI Winners

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Jim Cramer said Palantir Technologies is the cheapest he has ever seen it, even though the stock trades at a trailing price-to-earnings ratio of 146 times. Palantir reported first-quarter 2026 revenue of 1.632 billion dollars, up 84.7 percent year over year, with U.S. commercial revenue surging 133 percent to 595 million dollars, and management raised full-year guidance to between 7.65 billion and 7.66 billion dollars. Despite those results, the stock is down 22 percent year to date and touched a 52-week low of 106.37 dollars. Cramer also highlighted ServiceNow and Salesforce as enterprise-AI winners, noting that ServiceNow’s fourth-quarter 2025 subscription revenue rose 21 percent to 3.466 billion dollars while its stock is down 47.72 percent over the last year, and that Salesforce’s Agentforce annual recurring revenue crossed 1.2 billion dollars, up 205 percent year over year, with the stock trading at a forward price-to-earnings ratio of just 12 times. Cramer attributed shorter enterprise-AI contract durations not to disappointing technology but to chief information officers’ reluctance to lock in four-year terms amid rapid change in the technology stack.

Impact on stocks 5

Artificial Intelligence · 4 stocks
Palantir Technologies Inc.
PLTR
▲ PositiveCapitalrelevance

Cramer says Palantir is the cheapest he's ever seen it, despite strong revenue growth and raised guidance.

Salesforce.com Inc
CRM
▲ PositiveDemandrelevance

Salesforce's Agentforce ARR crossed $1.2B, up 205% YoY, indicating strong enterprise-AI demand.

ServiceNow Inc
NOW
▲ PositiveDemandrelevance

ServiceNow's Q4 2025 subscription revenue rose 21% to $3.466B, showing strong enterprise-AI demand.

Semiconductors · 1 stocks

Theme Impact 2

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