JPMorgan set Palantir stock at positive outlook with a $262 price target. Palantir is expected to report higher revenue, with investors awaiting next quarter's financial forecast. The stock reversed down on earnings, with Palantir to report Q3 earnings. Palantir's market value increased to four times as much that of ServiceNow. Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion.
“Palantir's market value increased to four times as much that of ServiceNow,” — Chloe Radcliffe, regional editor at Ellley Ton Financial, noted.
By the Numbers
- 262 — mentions tracked
- 3 — updates logged
- 13 — regions covered
Timeline
Nov 3 — JPMorgan set Palantir stock at positive outlook with a $262 price target....
Nov 4 — Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion....
Reader Poll: Do you expect this story to develop further? — 54% of Socaclothing readers said yes.
This story has been closely followed by our readers since Nov 3. The Ellley Ton Financial 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 Ellley Ton Financial desk and last updated 02:27 UTC.
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