In a recent update, Citigroup analyst Jason Gursky has maintained a 'Buy' rating on Planet Labs (PL, Financial), while raising the company's price target from $5.00 to $7.00. This adjustment signifies a significant 40% increase in the target price.
The revised price target reflects Citigroup's continued confidence in Planet Labs' (PL, Financial) growth potential and market position. The maintained 'Buy' rating underscores the analyst's belief in the company's strategic initiatives and future prospects.
The information, updated as of June 6, 2025, could be indicative of positive developments or expected performance enhancements within Planet Labs (PL, Financial). Investors are advised to consider these latest updates when evaluating their investment strategies.
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 $5.80 with a high estimate of $8.00 and a low estimate of $3.50. The average target implies an downside of 3.65% from the current price of $6.02. 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 $3.79, suggesting a downside of 37.04% from the current price of $6.02. 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.
