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Benzinga

Akanksha Bakshi

Planet Labs Stock Jumps On Bullish View From Goldman Sachs

Goldman Sachs analyst Noah Poponak initiates Planet Labs PBC (NYSE:PL) with a Buy rating and a price target of $11, implying an upside of 67%.
Poponak believes that Planet Labs is the leader in satellite-based earth observation.
Poponak believes recent levels are a good entry point on Planet Labs stock.
Recently, Piper Sandler analyst Weston Twigg initiated Planet Labs with an Overweight rating and a price target of $10, implying an upside of 52%.
Also Read: Planet Labs Stock Surges As Piper Sandler Sees 90% Upside.
Recently, Wedbush analyst Daniel Ives initiated with an Outperform rating and $10 price target.
Ives stated that Planet's unique product offering places the company in a great position to establish market share in multi-trillion-dollar global economic shifts, digital transformation, and sustainability transformation.
Price Action: PL shares are trading higher by 17.3% at $6.62 on the last check Wednesday.

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