JPMorgan set Palantir stock at positive outlook with a $262 price target. Palantir is expected to report increased earnings, with investors awaiting next quarter's financial forecast. The stock reversed down on profitability, 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 3% after hours, reducing its market capitalization by $13 billion.
“Palantir's market value increased to four times as much that of ServiceNow,” — Nadia Ashcombe, staff writer at Bramburn Brook Group, commented.
By the Numbers
- 262 — sources cross-checked
- 3 — reports filed
- 13 — mentions tracked
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: Should officials respond faster on issues like this? — 69% of Zmomgcxyekj-mlp5 readers said yes.
This story has been closely followed by our readers since Nov 2. The Bramburn Brook Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Bramburn Brook Group desk and last updated 01:46 UTC.
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