Needham Maintains Buy on Planet Labs, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on Planet Labs (NYSE:PL) but lowers the price target from $7 to $5.
September 06, 2024 | 11:11 am
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Needham analyst Ryan Koontz maintains a Buy rating on Planet Labs but lowers the price target from $7 to $5, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Planet Labs' potential, but the lowered price target reflects a more cautious outlook on its short-term performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100