Benchmark Maintains Buy on Planet Labs, Lowers Price Target to $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 $6.5 to $5.

September 08, 2023 | 2:02 pm
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NEUTRAL IMPACT
Planet Labs' price target has been lowered from $6.5 to $5 by Benchmark, though the Buy rating is maintained.
The news directly pertains to Planet Labs as the company's price target has been lowered by Benchmark. However, the Buy rating is maintained which indicates that the analyst still sees potential in the stock. This could have a neutral impact on the stock price in the short term as the lowered price target might deter some investors, but the maintained Buy rating could also attract others.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100