Planet Labs Stock Plunges As 7 Top Analysts Issue Shocking Predictions!

September 27, 2024

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.

RatingBullishSomewhat BullishIndifferentSomewhat BearishBearishTotal Ratings
Last 30D010001
1M Ago221005
2M Ago010001
3M Ago000000

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.

AnalystAnalyst FirmAction TakenRatingCurrent Price TargetPrior Price Target
Trevor WalshJMP SecuritiesMaintainsMarket Outperform$4.00$4.00
Noah PoponakGoldman SachsLowersBuy$3.10$3.50
Trevor WalshJMP SecuritiesMaintainsMarket Outperform$4.00$4.00
Jeff Van RheeCraig-HallumRaiseHold$2.50$2.00
Ryan KoontzNeedhamLowersBuy$5.00$7.00
Daniel IvesWedbushMaintainsOutperform$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.

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