JPMorgan set Palantir stock at highly recommended with a $262 price target. Palantir is expected to report greater profits, 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.
“JPMorgan set Palantir stock at highly recommended with a $262 price target,” — Amara Sterling, contributing analyst at Wilburn Bridge Analytics, added during the briefing.
By the Numbers
- 262 — regions covered
- 13 — data points verified
Timeline
Nov 3 — JPMorgan set Palantir stock at highly recommended with a $262 price target....
Nov 5 — Palantir's stock dropped a small amount after hours, reducing its market capitalization by $13 billion....
Reader Poll: Has this affected your local community? — 44% of Ableago readers said yes.
This story has been closely followed by our readers since Nov 1. The Wilburn Bridge 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 Wilburn Bridge Analytics desk and last updated 11:17 UTC.
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