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Planet Labs PBC (PL) Stock Forecast & Price Target

$2.02
+0.06 (+3.06%)
(As of 07/12/2024 ET)

Planet Labs PBC - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$4.30
112.87% Upside
High Forecast$7.00
Average Forecast$4.30
Low Forecast$2.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$4.30$4.30$5.01$6.60
Forecasted Upside112.87% Upside89.55% Upside76.00% Upside51.05% Upside
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PL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Planet Labs PBC Stock vs. The Competition

TypePlanet Labs PBCComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.86
2.61
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside112.87% Upside299.18% Upside9.17% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/27/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$4.00 ➝ $4.00+119.18%
6/21/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$7.00 ➝ $7.00+277.36%
6/7/2024Craig Hallum
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 Lower TargetHold ➝ Hold$3.00 ➝ $2.00+0.50%
4/12/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$4.80 ➝ $4.20+103.88%
4/4/2024Citigroup
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 Lower TargetBuy ➝ Buy$4.50 ➝ $3.90+83.10%
4/2/2024Benchmark
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 Lower TargetBuy ➝ Buy$5.00 ➝ $4.00+81.82%
9/8/2023Northland Securities
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 Lower TargetOutperform ➝ Outperform$7.00 ➝ $5.00+62.34%
6/12/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$6.00 ➝ $5.00+41.24%
6/9/2023Westpark Capital
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 Lower Target$7.00 ➝ $6.00+22.45%
4/17/2023Wedbush
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 Reiterated RatingOutperform$8.00+81.41%
1/23/2023Morgan Stanley
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 Initiated CoverageEqual Weight$6.00+21.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:10 PM ET.

PL Forecast - Frequently Asked Questions

What is Planet Labs PBC's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Planet Labs PBC is $4.30, with a high forecast of $7.00 and a low forecast of $2.00.

Should I buy or sell Planet Labs PBC stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Labs PBC in the last year. There is currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PL shares.

Does Planet Labs PBC's stock price have much upside?

According to analysts, Planet Labs PBC's stock has a predicted upside of 98.81% based on their 12-month stock forecasts.

What analysts cover Planet Labs PBC?

Planet Labs PBC has been rated by research analysts at Craig Hallum, JMP Securities, and Needham & Company LLC in the past 90 days.

Do Wall Street analysts like Planet Labs PBC more than its competitors?

Analysts like Planet Labs PBC more than other "computer and technology" companies. The consensus rating score for Planet Labs PBC is 2.86 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how PL compares to other companies.


This page (NYSE:PL) was last updated on 7/13/2024 by MarketBeat.com Staff

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