These Analysts Revise Their Forecasts On Planet Labs After Q2 Results
Portfolio Pulse from Avi Kapoor
Planet Labs PBC reported Q2 results with revenue missing expectations, leading to a 13.1% drop in share price. Analysts revised their price targets, with Needham lowering from $7 to $5 and Craig-Hallum raising from $2 to $2.5.
September 06, 2024 | 1:37 pm
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NEGATIVE IMPACT
Planet Labs reported Q2 revenue below expectations, causing a 13.1% drop in share price. Analysts adjusted price targets: Needham lowered from $7 to $5, Craig-Hallum raised from $2 to $2.5.
The revenue miss and subsequent drop in share price indicate negative market sentiment. Analysts' mixed revisions in price targets reflect uncertainty, but the overall impact is negative in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100