Jim Cramer has stated that Palantir Technologies Inc. (ticker: PLTR) is dramatically undervalued, predicting the stock could reach $200. Despite Palantir's stock having doubled earlier this year, Cramer emphasized its potential for further gains, though he did not specify the exact timing for the price increase. Market observers note Cramer's bullish stance on Palantir amid a challenging S&P 500 environment. The stock's strength has been highlighted by analysts and investors, suggesting sustained momentum for Palantir in the current market.