Planet Labs shares are trading lower after the company reported mixed Q3 financial results. Following earnings, Craig-Hallum downgraded the stock from Buy to Hold and and announced a $3 price target.
Portfolio Pulse from Benzinga Newsdesk
Planet Labs shares dropped after reporting mixed Q3 results. Craig-Hallum downgraded the stock from Buy to Hold with a $3 price target.
December 08, 2023 | 5:32 pm
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NEGATIVE IMPACT
Planet Labs' stock price is likely to experience downward pressure after mixed Q3 results and a downgrade from Craig-Hallum with a lower price target.
The downgrade by Craig-Hallum following mixed financial results indicates a reduced confidence in the company's near-term performance, which typically leads to a negative investor sentiment and a potential decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100