Across the recent three months, 7 analysts have shared their insights on Planet Labs (NYSE:PL), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Rating | Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | Total Ratings |
|---|---|---|---|---|---|---|
| Last 30D | 0 | 1 | 0 | 0 | 0 | 1 |
| 1M Ago | 2 | 2 | 1 | 0 | 0 | 5 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 | 1 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $3.94, a high estimate of $5.00, and a low estimate of $2.50. A decline of 6.41% from the prior average price target is evident in the current average.
Understanding Analyst Ratings: A Comprehensive Breakdown
A comprehensive examination of how financial experts perceive Planet Labs is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $4.00 | $4.00 |
| Noah Poponak | Goldman Sachs | Lowers | Buy | $3.10 | $3.50 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $4.00 | $4.00 |
| Jeff Van Rhee | Craig-Hallum | Raise | Hold | $2.50 | $2.00 |
| Ryan Koontz | Needham | Lowers | Buy | $5.00 | $7.00 |
| Daniel Ives | Wedbush | Maintains | Outperform | $5.00 | $5.00 |
Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Planet Labs.