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 fourfold that of ServiceNow. Palantir's stock dropped three percent after hours, reducing its market capitalization by $13 billion.
“Palantir's market value increased to fourfold that of ServiceNow,” — Nadia Ashcombe, chief correspondent at Walton Ton Services, noted.
By the Numbers
- 262 — data points verified
- 13 — sources cross-checked
Timeline
Nov 2 — JPMorgan set Palantir stock at positive outlook with a $262 price target....
Nov 2 — Palantir's stock dropped three percent after hours, reducing its market capitalization by $13 billion....
Reader Poll: Should officials respond faster on issues like this? — 76% of Watchingmovie readers said yes.
This story has been closely followed by our readers since Nov 2. The Walton Ton Services desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Walton Ton Services desk and last updated 00:42 UTC.
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