Navigating 8 Analyst Ratings For Planet Labs
Portfolio Pulse from Benzinga Insights
Planet Labs (NYSE:PL) received mixed analyst ratings, with a majority being bullish. The average 12-month price target is $4.89, with a high of $7.00 and a low of $2.00. Analysts have decreased the average price target by 7.03%. The company has shown a 14.68% revenue growth rate but struggles with profitability, having a net margin of -48.47%.

June 10, 2024 | 12:01 pm
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Planet Labs received mixed analyst ratings, with a majority being bullish. The average 12-month price target is $4.89, with a high of $7.00 and a low of $2.00. Analysts have decreased the average price target by 7.03%. The company has shown a 14.68% revenue growth rate but struggles with profitability, having a net margin of -48.47%.
The mixed analyst ratings and the decrease in the average price target by 7.03% suggest a neutral short-term impact. While the company shows strong revenue growth, its profitability challenges with a net margin of -48.47% may offset the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100