Benchmark raised the firm’s price target on Planet Labs (PL) to $7 from $4 and keeps a Buy rating on the shares. Commercial space economy names have enjoyed a post-election rally, but valuations for the group vary, notes the analyst, who sees Planet “entering an interesting stage” given that the company is entering EBITDA break-even, has “consistently controlled costs/burn,” and the new contracting flow being seen by the company.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PL:
- Planet Labs PBC call volume above normal and directionally bullish
- Planet Labs price target raised to $7 from $5 at Northland
- Craig-Hallum upgrades Planet Labs to Buy following contract win
- Planet Labs upgraded to Buy from Hold at Craig-Hallum
- Planet Labs price target raised to $6.50 from $4.50 at JMP Securities
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue