Jim Cramer indicated potential interest in Tesla Inc. (NASDAQ:TSLA) and Palantir Technologies Inc. (NYSE:PLTR) on Sunday, citing their “protective intellectual blankets” as key attractors for his investing club portfolio.
What Happened: “Working on a Sunday brainstorm about buying Palantir and Tesla,” CNBC’s Cramer wrote on X.
The interest comes as Tesla faces scrutiny over its fourth-quarter deliveries falling short of analyst expectations. The electric vehicle maker’s stock closed Friday at $410.44, up 8.22%, despite recent delivery challenges that prompted mixed analyst reactions.
Canaccord Genuity analyst George Gianarikas maintained his bullish stance on Tesla, raising his price target to $404 while highlighting “a generational set of growth opportunities” in EVs, autonomy/AI, energy storage, and robotics.
See Also: Sanders Backs Trump’s Credit Cap, Carter’s Passing, Trump’s Response To NOLA Attack And More: This Week In Politics
However, GLJ Research analyst Gordon Johnson struck a more cautionary tone, predicting “stormy weather” ahead. Johnson pointed to Tesla’s production of 459,445 vehicles in the fourth quarter of 2024, representing just 78.2% of stated capacity, suggesting potential demand concerns.
Why It Matters: Palantir, riding the AI wave, has seen its stock surge nearly 400% over the past year. The data analytics company closed Friday at $79.89, though Cathie Wood‘s Ark Invest recently reduced its position, selling 20,332 shares worth approximately $1.6 million.
Tesla’s market position remains strong with a $1.33 trillion market cap, despite concerns about average selling prices facing downward pressure. Truist analyst William Stein maintained a Hold rating while lowering the price target to $351, citing expectations of continued pricing pressure to stimulate demand.
Read Next:
- Elon Musk ‘Likes To Talk Big Numbers’ But His Growth Target For Tesla Is Not ‘Realistic,’ Says Analyst
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.