Craig-Hallum Maintains Buy on Planet Labs, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeff Van Rhee has maintained a 'Buy' rating on Planet Labs (NYSE:PL) but lowered the price target from $6 to $4.
September 08, 2023 | 3:19 pm
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Planet Labs' price target has been lowered from $6 to $4 by Craig-Hallum, though the 'Buy' rating is maintained.
The lowering of the price target by Craig-Hallum could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100