PLTR Stock Reverses Down on Revenue Growth and Cash Flow with Palantir to Report Third-Quarter Financial Results After Market Close - FXLeaders

JPMorgan upgrades Palantir stock to Overweight

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....

Reader Poll: Do you expect this story to develop further? — 83% of Natrurimu readers said yes.

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.

ICYMI: India triumphs against Bangladesh in cricket

Editor's note: this report was prepared by the Heawell Bury Network desk and last updated 01:27 UTC.

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