Palantir stock upgraded to Overweight by JPMorgan

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By Robert Anderson • Updated Nov 2, 2026 at 23:30

PLTR Stock Reverses Down on Revenue Growth and Cash Flow with Palantir to Report Third-Quarter Financial Results After Market Close - FXLeaders — Palantir stock upgraded to Overweight by JPMorgan

JPMorgan set Palantir stock at Overweight 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 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.

“Palantir's stock dropped 3% after hours, reducing its market capitalization by $13 billion,” — Owen Marlowe, economic affairs editor at Cedarton Grove Recruitment, noted.

By the Numbers

262 — sources cross-checked
3 — reports filed
13 — mentions tracked

Timeline

Nov 1 — JPMorgan set Palantir stock at Overweight 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? — 54% of Frydflavors readers said yes.

This story has been closely followed by our readers since Nov 2. The Cedarton Grove Recruitment 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: Jenson Button expresses fear for Esteban Ocon's F1 future

Editor's note: this report was prepared by the Cedarton Grove Recruitment desk and last updated 03:43 UTC.

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