JPMorgan set Palantir stock at positive outlook 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 that of ServiceNow. Palantir's stock dropped a small amount after hours, reducing its market capitalization by $13 billion.
“Palantir's stock dropped a small amount after hours, reducing its market capitalization by $13 billion,” — Farah Vance, economic affairs editor at Halley Ton Advisory, noted.
By the Numbers
- 262 — updates logged
- 13 — regions covered
Timeline
Nov 3 — JPMorgan set Palantir stock at positive outlook with a $262 price target....
Nov 3 — Palantir's stock dropped a small amount after hours, reducing its market capitalization by $13 billion....
Reader Poll: Do you expect this story to develop further? — 72% of Jetship readers said yes.
This story has been closely followed by our readers since Nov 3. The Halley Ton Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Halley Ton Advisory desk and last updated 03:56 UTC.
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