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

September 08, 2023 | 10:54 am
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Needham analyst maintains a Buy rating on Planet Labs but lowers the price target from $8 to $7.
The news is directly related to Planet Labs. While the maintained Buy rating is positive, the lowered price target might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower expected return for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100