Planet Labs PBC (NYSE:PL) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Planet Labs PBC (NYSE:PLGet Rating) from a sell rating to a hold rating in a research report report published on Saturday morning, Zacks.com reports.

According to Zacks, “Planet Labs Inc. is a provider of global, daily satellite imagery and geospatial solutions. It offer mission-critical data, advanced insights, and software solutions principally to agriculture, forestry, intelligence, education and finance companies. Planet Labs Inc., formerly known as dMY Technology Group Inc. IV, is based in SAN FRANCISCO. “

PL has been the topic of several other reports. Wedbush started coverage on shares of Planet Labs PBC in a report on Friday, January 7th. They issued an outperform rating and a $10.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Planet Labs PBC in a report on Wednesday, January 12th. They issued a buy rating and a $11.00 price target on the stock. Needham & Company LLC started coverage on shares of Planet Labs PBC in a report on Thursday, January 27th. They issued a buy rating and a $10.50 price target on the stock. Finally, Piper Sandler started coverage on shares of Planet Labs PBC in a report on Friday, January 7th. They issued an overweight rating and a $10.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $10.38.

PL opened at $5.29 on Friday. The company has a fifty day moving average of $5.32. Planet Labs PBC has a 12-month low of $4.28 and a 12-month high of $12.15.

Several large investors have recently modified their holdings of PL. Exchange Traded Concepts LLC acquired a new stake in shares of Planet Labs PBC during the fourth quarter worth $3,137,000. Northside Capital Management LLC acquired a new stake in shares of Planet Labs PBC in the 4th quarter worth about $430,000. Belvedere Trading LLC acquired a new stake in shares of Planet Labs PBC in the 4th quarter worth about $105,000. K.J. Harrison & Partners Inc acquired a new stake in shares of Planet Labs PBC in the 4th quarter worth about $91,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Planet Labs PBC in the 4th quarter worth about $78,000. 36.81% of the stock is currently owned by institutional investors.

Planet Labs PBC Company Profile (Get Rating)

Planet Labs PBC provides daily satellite data and insights about earth. The company designs, builds, and operates earth observation fleet of imaging satellites, capturing, and compiling data. It serves agriculture, civil government, defense and intelligence, drought response, education and research, energy and infrastructure, finance and insurance, forestry and land use, mapping, maritime, sustainability, and federal sectors.

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