Benchmark Maintains Buy on Planet Labs, Lowers Price Target to $6.5
Portfolio Pulse from richadhand@benzinga.com
Benchmark analyst Josh Sullivan maintains a Buy rating on Planet Labs (NYSE:PL) but lowers the price target from $8 to $6.5.
June 09, 2023 | 2:36 pm
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Planet Labs' Buy rating is maintained by Benchmark analyst Josh Sullivan, but the price target is lowered from $8 to $6.5.
The news of the lowered price target may have a mixed impact on Planet Labs' stock price. While the Buy rating is maintained, indicating a positive outlook, the reduced price target may cause some investors to reevaluate their positions. However, the overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100