On May 14, 2025, Needham analyst Ryan Koontz released an update on Planet Labs (PL, Financial), reiterating the firm's position on the stock and maintaining its target price. The analyst reaffirmed a "Buy" rating for Planet Labs, indicating a stable outlook from the Needham team.
The target price set by Ryan Koontz remains unchanged at USD 8.00. This consistent target price reflects a steady confidence in the future performance of Planet Labs (PL, Financial) as observed by Koontz. The target price had no percentage change from the previous forecast.
Planet Labs (PL, Financial) continues to attract interest from the investment community, with analysts maintaining their position as they monitor the company's progress and market conditions. Investors holding or considering Planet Labs shares should note the ongoing Buy recommendation from a key analyst.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Planet Labs PBC (PL, Financial) is $5.53 with a high estimate of $8.00 and a low estimate of $3.50. The average target implies an upside of 42.27% from the current price of $3.89. More detailed estimate data can be found on the Planet Labs PBC (PL) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Planet Labs PBC's (PL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Planet Labs PBC (PL, Financial) in one year is $3.27, suggesting a downside of 15.83% from the current price of $3.885. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Planet Labs PBC (PL) Summary page.
