JPMorgan set Palantir stock at highly recommended with a $262 price target. Palantir is expected to report increased earnings, with investors awaiting Q4 financial outlook. The stock reversed down on revenue growth, with Palantir to report Q3 earnings. Palantir's market value increased to four times as much that of ServiceNow. Palantir's stock dropped three percent after hours, reducing its market capitalization by $13 billion.
“Palantir's stock dropped three percent after hours, reducing its market capitalization by $13 billion,” — Owen Marlowe, economic affairs editor at Wrayburn Ham Advisory, explained.
By the Numbers
- 262 — data points verified
- 13 — sources cross-checked
Timeline
Nov 2 — JPMorgan set Palantir stock at highly recommended with a $262 price target....
Nov 3 — Palantir's stock dropped three percent after hours, reducing its market capitalization by $13 billion....
Reader Poll: Do you expect this story to develop further? — 84% of Thenewsagency readers said yes.
This story has been closely followed by our readers since Nov 1. The Wrayburn Ham Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Wrayburn Ham Advisory desk and last updated 21:30 UTC.
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