Planet Labs PBC (NYSE:PL – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.68.
Several research analysts have issued reports on PL shares. Needham & Company LLC restated a “buy” rating and issued a $7.00 price target on shares of Planet Labs PBC in a research report on Monday. The Goldman Sachs Group cut their target price on 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. Benchmark decreased their price target on Planet Labs PBC from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. JMP Securities cut their price objective on Planet Labs PBC from $5.50 to $4.00 and set a “market outperform” rating on the stock in a report on Monday, April 1st. Finally, Citigroup decreased their target price on shares of Planet Labs PBC from $4.50 to $3.90 and set a “buy” rating for the company in a report on Thursday, April 4th.
Check Out Our Latest Analysis on PL
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Planet Labs PBC Stock Performance
Shares of PL stock opened at $1.86 on Tuesday. The stock has a market cap of $540.55 million, a PE ratio of -3.65 and a beta of 0.93. The business’s fifty day moving average is $2.04 and its 200-day moving average is $2.21. Planet Labs PBC has a 1 year low of $1.67 and a 1 year high of $5.00.
Planet Labs PBC (NYSE:PL – Get Free Report) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The company had revenue of $58.85 million during the quarter, compared to the consensus estimate of $57.64 million. Planet Labs PBC had a negative net margin of 63.67% and a negative return on equity of 26.14%. Equities research analysts predict that Planet Labs PBC will post -0.41 earnings per share 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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