Northland raised the firm’s price target on Planet Labs (PL) to $7 from $5 and keeps an Outperform rating on the shares after the company announced the “largest deal in the company’s history,” a $230M contract to build, deploy and operate Pelican satellites for an APAC partner serving the D&I sector. Planet having beat all competitors for the program gives the firm “much more confidence in growth acceleration,” the analyst tells investors.
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