JPMorgan set Palantir stock at positive outlook with a $262 price target. Palantir is expected to report increased earnings, with investors awaiting Q4 financial outlook. 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 is expected to report increased earnings, with investors awaiting Q4 financial outlook,” — Priya Delgado, research director at Greyton Wick Analytics, added during the briefing.
By the Numbers
- 262 — data points verified
- 3 — sources cross-checked
- 13 — reports filed
Timeline
Nov 2 — JPMorgan set Palantir stock at positive outlook with a $262 price target....
Nov 3 — Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion....
Reader Poll: Has this affected your local community? — 72% of Mrsfc readers said yes.
This story has been closely followed by our readers since Nov 3. The Greyton Wick 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 Greyton Wick Analytics desk and last updated 02:25 UTC.
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