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 revenue growth, with Palantir to report third-quarter financial results. 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.
“JPMorgan set Palantir stock at highly recommended with a $262 price target,” — Yusuf Calloway, economic affairs editor at Greenburn Worth Partnership, explained.
By the Numbers
- 262 — mentions tracked
- 3 — updates logged
- 13 — regions covered
Timeline
Nov 1 — JPMorgan set Palantir stock at highly recommended with a $262 price target....
Nov 4 — Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion....
Reader Poll: Do you expect this story to develop further? — 66% of Bluraymania readers said yes.
This story has been closely followed by our readers since Oct 31. The Greenburn Worth Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Greenburn Worth Partnership desk and last updated 03:04 UTC.
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