Benchmark lowered the firm’s price target on Planet Labs to $4 from $5 and keeps a Buy rating on the shares. Planet Labs reported in line Q4 results, and its customer base exceeded 1,000 for the first time, the analyst tells investors in a research note. Despite uncertainty around revenue guidance for FY25, Planet Labs has recommitted to adjusted EBITDA breakeven in 4Q25 given cost levers and capex titration, the firm notes.
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