Goldman Sachs Maintains Buy on Planet Labs, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak maintains a Buy rating on Planet Labs (NYSE:PL) but lowers the price target from $8 to $7.

June 13, 2023 | 12:44 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Planet Labs (NYSE:PL) but lowers the price target from $8 to $7.
Goldman Sachs' lowered price target may cause some short-term uncertainty for Planet Labs' stock price. However, the maintained Buy rating indicates that the analyst still believes in the company's potential for growth. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100