Morgan Stanley Maintains Equal-Weight Rating for Planet Labs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley maintains its Equal-Weight rating for Planet Labs (NYSE:PL) and lowers its price target from $6.00 to $5.50. Shares of Planet Labs are trading up 0.44% over the last 24 hours, at $3.42 per share.

June 12, 2023 | 5:02 pm
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Morgan Stanley maintains Equal-Weight rating for Planet Labs and lowers price target from $6.00 to $5.50. Shares are trading up 0.44% at $3.42.
Morgan Stanley's decision to maintain its Equal-Weight rating for Planet Labs indicates a neutral outlook for the stock. However, the lowered price target from $6.00 to $5.50 suggests a potential upside for investors. The stock is currently trading up 0.44% at $3.42, and a move to $5.50 would account for a 60.58% increase from the current share price. The impact on the stock price in the short term is neutral as the rating remains unchanged, but the lowered price target may influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100