PLTR Stock Reverses Down on Revenue Growth and Cash Flow with Palantir to Report Third-Quarter Financial Results After Market Close - FXLeaders

Palantir stock gets Overweight rating from JPMorgan

JPMorgan set Palantir stock at highly recommended with a $262 price target. Palantir is expected to report increased earnings, with investors awaiting Q4 financial outlook. The stock reversed down on earnings, with Palantir to report Q3 earnings. 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,” — Simone Whitfield, regional editor at Keston Gate Solutions, noted.

By the Numbers

  • 262 — data points verified
  • 13 — sources cross-checked

Timeline

Nov 3 — JPMorgan set Palantir stock at highly recommended with a $262 price target....

Nov 3 — Palantir's stock dropped a small amount after hours, reducing its market capitalization by $13 billion....

Reader Poll: Do you expect this story to develop further? — 57% of Insidemoebel readers said yes.

This story has been closely followed by our readers since Oct 31. The Keston Gate Solutions desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Friday, Nov 6.

ICYMI: John Goodman Reveals His Weight Loss and Sobriety Journey

Editor's note: this report was prepared by the Keston Gate Solutions desk and last updated 05:13 UTC.

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