JPMorgan set Palantir stock at Overweight with a $262 price target. Palantir is expected to report greater profits, with investors awaiting next quarter's financial forecast. The stock reversed down on revenue growth, with Palantir to report third-quarter financial results. 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.
“The stock reversed down on revenue growth, with Palantir to report third-quarter financial results,” — Simone Whitfield, research director at Ashwell Grove Analytics, told our newsroom.
By the Numbers
- 262 — sources cross-checked
- 13 — reports filed
Timeline
Nov 1 — JPMorgan set Palantir stock at Overweight with a $262 price target....
Nov 3 — Palantir's stock dropped three percent after hours, reducing its market capitalization by $13 billion....
Reader Poll: Has this affected your local community? — 50% of Urartu readers said yes.
This story has been closely followed by our readers since Oct 30. The Ashwell Grove Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Ashwell Grove Analytics desk and last updated 00:39 UTC.
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