JPMorgan set Palantir stock at Overweight with a $262 price target. Palantir is expected to report greater profits, with investors awaiting next quarter's financial forecast. The stock reversed down on revenue growth, with Palantir to report third-quarter financial results. 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 is expected to report greater profits, with investors awaiting next quarter's financial forecast,” — Elena Iversen, contributing analyst at Keston Brook Analytics, observed.
By the Numbers
- 262 — regions covered
- 13 — data points verified
Timeline
Nov 2 — JPMorgan set Palantir stock at Overweight with a $262 price target....
Nov 4 — 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 Nov 2. The Keston Brook Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Keston Brook Analytics desk and last updated 03:38 UTC.
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