JPMorgan set Palantir stock at positive outlook with a $262 price target. Palantir is expected to report increased earnings, 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 four times as much 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,” — David Kingsley, chief correspondent at Ellley Ton Group, explained.
By the Numbers
- 262 — sources cross-checked
- 13 — reports filed
Timeline
Nov 3 — JPMorgan set Palantir stock at positive outlook with a $262 price target....
Nov 4 — Palantir's stock dropped a small amount after hours, reducing its market capitalization by $13 billion....
Reader Poll: Should officials respond faster on issues like this? — 52% of Erri readers said yes.
This story has been closely followed by our readers since Nov 3. The Ellley Ton 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 Ellley Ton Group desk and last updated 23:44 UTC.
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