We recently compiled a list of the Jim Cramer’s Top 12 Must-Watch Stocks. In this article, we are going to take a look at where Palantir Technologies Inc. (NYSE:PLTR) stands against Jim Cramer’s other must-watch stocks.

The Palantir Technologies logo is displayed on a shipping container at the companys booth during the ... [+] Consumer Electronics Show (CES) in Las Vegas, Nevada on January 5, 202

Demand for Big Data services is increasing. Palantir, a leader in the field, should benefit. Here are the forecasts and price predictions for PLTR stock.

Shares of Palantir Technologies Inc. PLTR sank 0.19% to $36.38 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.29% to 5,618.26 and Dow Jones Industrial Average DJIA falling 0.25% to 41,503.10. The stock's fall snapped an eight-day winning streak.

Now that Palantir is bound for the S&P 500, what does that mean for investors today? The stock price has already risen more than 127% over the past year. Should you buy Palantir stock now? Here is what you need to know.

Shares of Palantir Technologies ( PLTR 12.83%) charged out of the gate on Monday, surging as much as 12.8%. As of 11:58 a.m. ET, the stock was still up 12.4%. The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was an announcement the company would be joining one of the premier stock market indexes.

Shares of Palantir Technologies Inc. PLTR inched 0.39% higher to $36.45 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.03% to 5,634.58 and the Dow Jones Industrial Average DJIA falling 0.04% to 41,606.18.