Planet Labs PBC (NYSE:PL – Get Free Report) has been given an average rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $4.30.
Several analysts have weighed in on PL shares. The Goldman Sachs Group dropped their target price on shares of Planet Labs PBC from $4.80 to $4.20 and set a “buy” rating on the stock in a research report on Friday, April 12th. Craig Hallum cut their target price on Planet Labs PBC from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Friday, June 7th. Needham & Company LLC reiterated a “buy” rating and set a $7.00 price target on shares of Planet Labs PBC in a research note on Friday, June 21st. Finally, JMP Securities restated a “market outperform” rating and issued a $4.00 price objective on shares of Planet Labs PBC in a research note on Thursday, June 27th.
View Our Latest Stock Report on Planet Labs PBC
Institutional Trading of Planet Labs PBC
Planet Labs PBC Trading Up 6.2 %
Shares of PL opened at $2.14 on Friday. The firm has a market cap of $620.80 million, a PE ratio of -4.45 and a beta of 0.99. Planet Labs PBC has a 12 month low of $1.67 and a 12 month high of $3.54. The stock has a fifty day moving average price of $2.02 and a 200-day moving average price of $2.08.
Planet Labs PBC (NYSE:PL – Get Free Report) last announced its earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $60.44 million for the quarter, compared to analyst estimates of $59.80 million. Planet Labs PBC had a negative net margin of 59.26% and a negative return on equity of 25.89%. During the same period in the prior year, the company earned ($0.13) earnings per share. As a group, research analysts forecast that Planet Labs PBC will post -0.4 EPS for the current year.
About Planet Labs PBC
Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company's platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.
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