Citigroup Maintains Buy on Planet Labs, Lowers Price Target to $3.9
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Gursky maintains a Buy rating on Planet Labs (NYSE:PL) but lowers the price target from $4.5 to $3.9.
April 04, 2024 | 3:51 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Planet Labs but lowers the price target from $4.5 to $3.9.
While the maintenance of a Buy rating by Citigroup indicates continued confidence in Planet Labs, the reduction in the price target could signal a tempered outlook on the company's short-term price potential. This mixed signal might lead to neutral short-term price movement as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100