Navigating 8 Analyst Ratings For Planet Labs

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In the latest quarter, 8 analysts provided ratings for Planet Labs PL, showcasing a mix of bullish and bearish perspectives.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 6 1 1 0 0
Last 30D 1 0 0 0 0
1M Ago 1 0 1 0 0
2M Ago 1 0 0 0 0
3M Ago 3 1 0 0 0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $4.89, along with a high estimate of $7.00 and a low estimate of $2.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 7.03%.

Exploring Analyst Ratings: An In-Depth Overview

A clear picture of Planet Labs's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Ryan Koontz Needham Maintains Buy $7.00 $7.00
Jeff Van Rhee Craig-Hallum Lowers Hold $2.00 $3.00
Ryan Koontz Needham Maintains Buy $7.00 $7.00
Noah Poponak Goldman Sachs Lowers Buy $4.20 $4.80
Jason Gursky Citigroup Lowers Buy $3.90 $4.50
Josh Sullivan Benchmark Lowers Buy $4.00 $5.00
Trevor Walsh JMP Securities Lowers Market Outperform $4.00 $5.50
Ryan Koontz Needham Maintains Buy $7.00 -

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Planet Labs. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Planet Labs compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Planet Labs's stock. This analysis reveals shifts in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Planet Labs's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Planet Labs analyst ratings.

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Get to Know Planet Labs Better

Planet Labs PBC is an Earth-imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.

Planet Labs's Economic Impact: An Analysis

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Revenue Growth: Over the 3 months period, Planet Labs showcased positive performance, achieving a revenue growth rate of 14.68% as of 30 April, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.

Net Margin: Planet Labs's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -48.47%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Planet Labs's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -5.75%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -4.26%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.05.

Analyst Ratings: What Are They?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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