TipRanksStock Market NewsPL NewsNeedham Thinks Planet Labs PBC’s Stock is Going to Recover

Needham Thinks Planet Labs PBC’s Stock is Going to Recover

Planet Labs PBC (PLResearch Report) received a Buy rating and a $10.50 price target from Needham analyst Ryan Koontz today. The company’s shares closed last Wednesday at $5.50, close to its 52-week low of $4.95.

According to TipRanks.com, Koontz is a 4-star analyst with an average return of 9.7% and a 47.9% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Vonage Holdings, and KVH Industries.

Planet Labs PBC has an analyst consensus of Strong Buy, with a price target consensus of $12.93, implying a 131.3% upside from current levels. In a report issued on January 12, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $11.00 price target.

See the top stocks recommended by analysts >>

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

dMY Technology Group Inc IV is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

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