The Analyst Verdict: Planet Labs In The Eyes Of 8 Experts
Portfolio Pulse from Benzinga Insights
Planet Labs (NYSE:PL) has received mixed analyst ratings over the past three months, with a slight negative shift in sentiment. Analysts have decreased the average 12-month price target by 4.86%, with a current average target of $4.7. The company's financial performance shows strong revenue growth but challenges in profitability and returns.
September 10, 2024 | 3:00 pm
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NEUTRAL IMPACT
Planet Labs has received mixed analyst ratings, with a slight negative shift in sentiment. The average 12-month price target has decreased by 4.86% to $4.7. The company shows strong revenue growth but faces challenges in profitability and returns.
The mixed analyst ratings and the decrease in the average price target suggest a cautious outlook for Planet Labs. While the company shows strong revenue growth, its profitability and return metrics lag behind industry averages, which may concern investors. The overall sentiment is slightly negative, but not enough to predict a significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100