NYSE:PL

Planet Labs PBC (PL) Price Target & Analyst Ratings

$2.58

-0.10 (-3.73%)

(As of 09/22/2023 ET)

Compare

Today's Range: $2.57
▼
$2.72
50-Day Range: $2.58
▼
$3.77
52-Week Range: $2.51
▼
$6.27

Volume: 1.37 million shs
Average Volume: 1.76 million shs
Market Capitalization: $737.00 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.85

Planet Labs PBC Consensus Rating and Price Target (2023)

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 Analyst Rating

Moderate Buy
Based on 10 Analyst Ratings

Consensus Analyst Price Target

$5.85
126.92% Upside

High Prediction	$8.00
Average Prediction	$5.85
Low Prediction	$4.00

Type	Current 9/23/22 to 9/23/23	1 Month Ago 8/24/22 to 8/24/23	3 Months Ago 6/25/22 to 6/25/23	1 Year Ago 9/23/21 to 9/23/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$5.85	$6.60	$6.60	$10.17
Predicted Upside	126.92% Upside	51.05% Upside	51.05% Upside	90.81% Upside

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PL Analyst Ratings 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.

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.

Planet Labs PBC Stock vs. The Competition

Type	Planet Labs PBC	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.90	2.55	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	126.92% Upside	1,799.45% Upside	697.49% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/8/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$6.00 ➝ $4.00	+58.73%
9/8/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$8.00 ➝ $7.00	+127.27%
9/8/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$7.00 ➝ $5.00	+62.34%
9/8/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$6.00 ➝ $4.90	+59.09%
9/8/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$6.50 ➝ $5.00	+62.34%
6/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$6.00 ➝ $5.00	+41.24%
6/9/2023	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$7.00 ➝ $6.00	+22.45%
5/2/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$5.50	+37.16%
4/17/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$8.00	+81.41%
4/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$9.00 ➝ $8.00	+109.42%
1/23/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$6.00	+21.70%

(Data available from 9/23/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

PL Price Target - Frequently Asked Questions

What is Planet Labs PBC's consensus rating and price target?: According to the issued ratings of 10 analysts in the last year, the consensus rating for Planet Labs PBC stock is Moderate Buy based on the current 1 hold rating and 9 buy ratings for PL. The average twelve-month price prediction for Planet Labs PBC is $5.85 with a high price target of $8.00 and a low price target of $4.00. Learn more on PL's analyst rating history.
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 2.90 while the average consensus rating score for computer and technology companies is 2.55. Learn more on how PL compares to other companies.
Does Planet Labs PBC's stock price have much upside?: According to analysts, Planet Labs PBC's stock has a predicted upside of 58.09% based on their 12-month price targets.

What analysts cover Planet Labs PBC?: Planet Labs PBC has been rated by Benchmark, Citigroup, Craig Hallum, Needham & Company LLC, and Northland Securities in the past 90 days.

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This page (NYSE:PL) was last updated on 9/23/2023 by MarketBeat.com Staff

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