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Planet Labs PBC has a consensus price target of $5.24 based on the ratings of 11 analysts. The high is $10 issued by Piper Sandler on January 7, 2022. The low is $2 issued by Craig-Hallum on June 7, 2024. The 3 most-recent analyst ratings were released by Wedbush, JMP Securities, and Needham on August 16, 2024, June 27, 2024, and June 26, 2024, respectively. With an average price target of $5.33 between Wedbush, JMP Securities, and Needham, there's an implied 94.65% upside for Planet Labs PBC from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Planet Labs (NYSE:PL) was reported by Wedbush on August 16, 2024. The analyst firm set a price target for $5.00 expecting PL to rise to within 12 months (a possible 82.48% upside). 19 analyst firms have reported ratings in the last year.
The latest analyst rating for Planet Labs (NYSE:PL) was provided by Wedbush, and Planet Labs reiterated their outperform rating.
There is no last upgrade for Planet Labs
The last downgrade for Planet Labs PBC happened on December 8, 2023 when Craig-Hallum changed their price target from N/A to $3 for Planet Labs PBC.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Planet Labs, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Planet Labs was filed on August 16, 2024 so you should expect the next rating to be made available sometime around August 16, 2025.
While ratings are subjective and will change, the latest Planet Labs (PL) rating was a reiterated with a price target of $5.00 to $5.00. The current price Planet Labs (PL) is trading at is $2.74, which is out of the analyst’s predicted range.
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