Palantir Technologies (PLTR) has had an amazing year in 2025, becoming the best-performing stock in both the S&P 500 and Nasdaq with a huge 144% gain. A big part of this rise came after the company reported strong quarterly earnings and benefited from a positive U.S. inflation report, which lifted the overall stock market. But now, as the price gets higher, some experts are starting to warn that the stock might be getting too expensive.

On Tuesday, Palantir reached a record high, but the very next day it fell 1.39% to close at $184.37. This quick change caught a lot of attention from investors, especially on social media and in financial news.

Jim Cramer, the host of CNBC’s Mad Money and a longtime supporter of Palantir, posted on X (formerly Twitter) saying he believes the stock will hit $200 soon and that investors “won’t have to wait too long” for it. His comment got a strong reaction—some people agreed, while others criticized him.

Among the most vocal opponents was Citron Research, headed by Andrew Left. It is not “easy money,” Citron said, and accused Cramer of being a stock promoter rather than a market analyst with regard to Palantir. According to them, the stock is currently trading at very high valuations even as its current price is more related to the hype and not the actual business fundamentals.

Andrew Left, the famous short seller who ceased releasing short-selling reports in 2021, appeared in the Fox News show and claimed that, albeit being a wonderful company, the value of Palantir is truly excessive. He said it reminds him of Nvidia in 2023 and that even when Palantir was the greatest firm ever, the share price could decline two-thirds with it still being costly. As he considers, the stock price should be priced in a range of between 65 and 70.

To this add, the opinion of the greater market is also gradually changing. Stocktwits, a well-known retail-investor forum, meanwhile, switched its sentiment on Palantir to neutral by Wednesday, although the level of messages, again, was not unusual.

The long-term prospects of Palantir and its artificial-intelligence-driven data analytics enterprise remain healthy, and it simultaneously happens that the current prices raise concerns as both mature experts and average retail customers express their worry.

Below is a comparison of different views and targets for Palantir stock at this point:

Despite the strong performance this year, the debate around Palantir highlights the risks of chasing a rally without understanding the underlying valuation. While believers like Cramer see a bright path ahead, others like the Left warn that the stock’s current price may not be sustainable.

For investors, the key takeaway is simple—Palantir might have a strong future, but it’s no longer a cheap or easy trade.