On June 5, 2025, Needham's analyst Ryan Koontz reiterated a "Buy" rating for Planet Labs (PL, Financial). The analyst maintained the price target at $8.00 USD. There have been no changes to the previous price target, which was also set at $8.00 USD.
Planet Labs (PL, Financial) continues to receive support from Needham as the firm's analyst, Ryan Koontz, expressed confidence in the company's future prospects by maintaining the current rating and price target.
The reiteration of the "Buy" rating for Planet Labs (PL, Financial) underscores Needham's positive outlook towards the company's growth and potential in the market.
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 $5.71 with a high estimate of $8.00 and a low estimate of $3.50. The average target implies an upside of 43.08% from the current price of $3.99. 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 $3.33, suggesting a downside of 16.54% from the current price of $3.99. 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.
