JPMorgan set Palantir stock at highly recommended with a $262 price target. Palantir is expected to report greater profits, with investors awaiting Q4 financial outlook. The stock reversed down on earnings, with Palantir to report next quarter's financial performance. 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 market value increased to four times as much that of ServiceNow,” — Simone Whitfield, regional editor at Wilwell Brook Solutions, noted.
By the Numbers
- 262 — reports filed
- 13 — mentions tracked
Timeline
Nov 1 — JPMorgan set Palantir stock at highly recommended with a $262 price target....
Nov 2 — 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? — 42% of Uqewylpyzkg-b689 readers said yes.
This story has been closely followed by our readers since Nov 2. The Wilwell Brook Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Wilwell Brook Solutions desk and last updated 00:41 UTC.
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