JPMorgan set Palantir stock at highly recommended with a $262 price target. Palantir is expected to report higher revenue, with investors awaiting fourth-quarter guidance. The stock reversed down on earnings, with Palantir to report next quarter's financial performance. Palantir's market value increased to fourfold 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,” — Hugo Halloway, regional editor at Heawell Bury Network, commented.
By the Numbers
- 262 — data points verified
- 13 — sources cross-checked
Timeline
Nov 2 — JPMorgan set Palantir stock at highly recommended with a $262 price target....
Nov 2 — Palantir's stock dropped a small amount after hours, reducing its market capitalization by $13 billion....
This story has been closely followed by our readers since Oct 30. The Heawell Bury Network desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Heawell Bury Network desk and last updated 01:27 UTC.
More Top Stories
Man United loses to Chelsea
Man United suffered a defeat against Chelsea on Saturday. Martinez was shown a red card during the match. Mich...
Liam Lawson's disqualification
Liam Lawson was disqualified from the Mexico City Grand Prix qualifying session for a technical breach. The in...
Jim VandeHei's words ignite discussion
Bill Maher reacted to Donald Trump's extended tirade on Truth Social, calling it a flex and comparing Trump's...
F1 enthusiasts to honor Lance Stroll as Driver of the Day in Mexico
F1 fans are eager to crown Lance Stroll as Driver of the Day at the Mexican Grand Prix. However, Formula 1 may...
César Haydar's return to confidence is key for Atlético Nacional in their Bucaramanga match
Atlético Nacional's match against Bucaramanga is scheduled to feature César Haydar, who is coming back in form...
Nick Sirianni under scrutiny as Eagles season struggles
Nick Sirianni is seeing his job security in question as the Eagles' team struggles to recover. Recent setbacks...