The Analyst Landscape: 7 Takes On Planet Labs
Portfolio Pulse from Benzinga Insights
Over the past three months, analysts have shared mixed opinions on Planet Labs (NYSE:PL), with ratings ranging from bullish to bearish. The average 12-month price target is $3.94, down 6.41% from the previous average. Analysts have adjusted their ratings and price targets in response to market conditions, with some maintaining their stance and others lowering their targets. Planet Labs has shown notable revenue growth but faces challenges in profitability and returns.
September 26, 2024 | 4:00 pm
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Analysts have mixed views on Planet Labs, with a current average price target of $3.94, reflecting a 6.41% decline. The company shows strong revenue growth but struggles with profitability and returns.
The article provides a detailed analysis of analyst ratings for Planet Labs, showing a mix of bullish and bearish sentiments. The average price target has decreased, indicating a cautious outlook. Despite strong revenue growth, the company's profitability metrics are below industry averages, which may concern investors. The mixed analyst ratings and financial performance suggest a neutral short-term impact on the stock price.
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