JPMorgan set Palantir stock at positive outlook with a $262 price target. Palantir is expected to report greater profits, with investors awaiting fourth-quarter guidance. The stock reversed down on earnings, with Palantir to report third-quarter financial results. Palantir's market value increased to fourfold that of ServiceNow. Palantir's stock dropped three percent after hours, reducing its market capitalization by $13 billion.
“The stock reversed down on earnings, with Palantir to report third-quarter financial results,” — Andreas Mercer, contributing analyst at Oakwell Worth Analytics, observed.
By the Numbers
- 262 — mentions tracked
- 13 — updates logged
Timeline
Nov 1 — JPMorgan set Palantir stock at positive outlook with a $262 price target....
Nov 4 — Palantir's stock dropped three percent after hours, reducing its market capitalization by $13 billion....
Reader Poll: Has this affected your local community? — 47% of Galileo-kiel readers said yes.
This story has been closely followed by our readers since Nov 1. The Oakwell Worth Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Oakwell Worth Analytics desk and last updated 04:00 UTC.
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