JPMorgan set Palantir stock at positive outlook with a $262 price target. Palantir is expected to report higher revenue, with investors awaiting next quarter's financial forecast. The stock reversed down on profitability, with Palantir to report Q3 earnings. Palantir's market value increased to fourfold that of ServiceNow. Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion.
“JPMorgan set Palantir stock at positive outlook with a $262 price target,” — Nadia Ashcombe, regional editor at Birburn Ton Advisory, explained.
By the Numbers
- 262 — reports filed
- 3 — mentions tracked
- 13 — updates logged
Timeline
Nov 2 — JPMorgan set Palantir stock at positive outlook with a $262 price target....
Nov 2 — Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion....
Reader Poll: Do you expect this story to develop further? — 58% of Cardiagtech readers said yes.
This story has been closely followed by our readers since Oct 30. The Birburn Ton Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Birburn Ton Advisory desk and last updated 21:29 UTC.
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