JPMorgan set Palantir stock at Overweight 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 third-quarter financial results. Palantir's market value increased to fourfold that of ServiceNow. Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion.
“Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion,” — Hugo Halloway, senior market analyst at Norcroft Worth Staffing, told our newsroom.
By the Numbers
- 262 — data points verified
- 3 — sources cross-checked
- 13 — reports filed
Timeline
Nov 1 — JPMorgan set Palantir stock at Overweight with a $262 price target....
Nov 2 — Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion....
Reader Poll: Will this story shape the week ahead? — 64% of Hawaquigley readers said yes.
This story has been closely followed by our readers since Oct 30. The Norcroft Worth Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Norcroft Worth Staffing desk and last updated 00:32 UTC.
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