Needham Maintains Buy Rating for Planet Labs: Here's What You Need To Know

Needham has decided to maintain its Buy rating of Planet Labs PL and lower its price target from $9.00 to $8.00.

Shares of Planet Labs are trading up 0.99% over the last 24 hours, at $3.58 per share.

A move to $8.00 would account for a 123.78% increase from the current share price.

About Planet Labs

Planet Labs PBC is an Earth imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.