On June 24, 2025, Planet Labs (PL, Financial) received an updated analyst rating from Cantor Fitzgerald. The firm maintained its "Overweight" rating on the stock, reaffirming its positive outlook on the company's performance and potential.
In a significant move, analyst Colin Canfield of Cantor Fitzgerald raised the price target for Planet Labs (PL, Financial) from $6.30 to $8.50. This adjustment marks a 34.92% increase from the previous price target, indicating heightened confidence in the company's future prospects.
The price target adjustment reflects Cantor Fitzgerald's optimistic view of Planet Labs' strategic initiatives and expected growth trajectory. Investors in Planet Labs (PL, Financial) may consider this upgrade as a positive signal for the stock's potential in the coming quarters.
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 $6.20 with a high estimate of $8.50 and a low estimate of $3.70. The average target implies an upside of 16.98% from the current price of $5.30. 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 $3.82, suggesting a downside of 27.92% from the current price of $5.3. 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.
