Goldman Sachs Maintains Buy on Planet Labs, Lowers Price Target to $4.2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak has maintained a Buy rating on Planet Labs (NYSE:PL) but lowered the price target from $4.8 to $4.2. This adjustment reflects Goldman Sachs' updated valuation of Planet Labs' stock.
April 12, 2024 | 2:11 pm
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Goldman Sachs maintains a Buy rating on Planet Labs but lowers the price target from $4.8 to $4.2.
The adjustment in price target by a major analyst like Goldman Sachs can influence investor sentiment and stock price. However, the maintenance of a Buy rating suggests a continued positive outlook on the company, potentially balancing the impact of the lowered price target.
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RELEVANCE 100