Goldman Sachs Maintains Buy on Planet Labs, Lowers Price Target to $3.1
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak maintains a Buy rating on Planet Labs but lowers the price target from $3.5 to $3.1.
September 10, 2024 | 2:05 pm
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Goldman Sachs continues to recommend buying Planet Labs stock, but has reduced its price target from $3.5 to $3.1, indicating a more cautious outlook.
The Buy rating suggests confidence in the company's long-term prospects, but the lowered price target reflects a more cautious short-term outlook. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100