Planet Labs (PL, Financial), a leading Earth imaging company, received a positive update from JMP Securities. Analyst Mitch Germain has maintained a "Market Outperform" rating for the stock, reflecting continued confidence in the company's performance and future prospects.
The significant update includes an increase in the target price. JMP Securities raised their price target for Planet Labs (PL, Financial) from $6.50 to $8.00. This adjustment represents a 23.08% increase, indicating a stronger outlook on the company's valuation and growth potential.
This development is a part of the broader market's analysis, providing investors with updated insights as of July 22, 2025. The updated target price and maintained rating suggest that Planet Labs (PL, Financial) continues to be a favored stock within the industry.
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 $6.87 with a high estimate of $9.00 and a low estimate of $4.00. The average target implies an upside of 2.62% from the current price of $6.70. 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 $3.87, suggesting a downside of 42.22% from the current price of $6.6975. 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.
