Planet Labs PBC (PL) Stock Forecast & Price Target

$6.44 +0.33 (+5.31%)

Closing price 02/4/2025 03:59 PM Eastern

Extended Trading

$6.47 +0.02 (+0.39%)

As of 02/4/2025 07:59 PM Eastern

Planet Labs PBC - Analysts' Recommendations and Stock Price Forecast (2025)

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

Buy

Based on 10 Analyst Ratings

Sell
0

Hold
0

Buy
10

Based on 10 Wall Street analysts who have issued ratings for Planet Labs PBC in the last 12 months, the stock has a consensus rating of "Buy." Out of the 10 analysts, 10 have given a buy rating for PL.

Consensus Price Target

$5.97
-7.37% Downside

According to the 10 analysts' twelve-month price targets for Planet Labs PBC, the average price target is $5.97. The highest price target for PL is $8.00, while the lowest price target for PL is $4.00. The average price target represents a forecasted downside of -7.37% from the current price of $6.45.

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PL Analyst Ratings Over Time

Type	Current Forecast 2/6/24 to 2/5/25	1 Month Ago 1/7/24 to 1/6/25	3 Months Ago 11/8/23 to 11/7/24	1 Year Ago 2/6/23 to 2/6/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	0 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	$5.97	$4.33	$3.93	$5.74
Forecasted Upside	-7.37% Downside	-0.80% Downside	55.28% Upside	161.50% Upside
Consensus Rating	Buy	Moderate Buy	Moderate Buy	Moderate Buy

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.

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	3.00	2.68	2.53
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	-7.37% Downside	58.27% Upside	13.00% Upside
News Sentiment Rating	Positive News See Recent PL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/3/2025	The Goldman Sachs Group 2 of 5 stars	N. Poponak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$5.00 ➝ $6.40	+5.70%
1/30/2025	JMP Securities 2 of 5 stars	Trevor Walsh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Outperform ➝ Market Outperform	$4.50 ➝ $6.50	+8.06%
1/30/2025	Craig Hallum 2 of 5 stars	J. Van. Rhee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$7.00	+26.54%
1/30/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ryan Koontz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$5.00 ➝ $8.00	+44.61%
1/30/2025	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Latimore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$5.00 ➝ $7.00	+26.54%
1/24/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Canfield Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$6.30	+33.02%
12/17/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$4.00 ➝ $4.50	+4.05%
12/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$4.05 ➝ $5.00	+22.55%
8/16/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$5.00 ➝ $5.00	+105.76%
4/2/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$5.00 ➝ $4.00	+81.82%
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6/9/2023	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$7.00 ➝ $6.00	+22.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 02:42 AM ET.

PL Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Planet Labs PBC is $5.97, with a high forecast of $8.00 and a low forecast of $4.00.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Planet Labs PBC in the last year. There are currently 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PL shares.
: According to analysts, Planet Labs PBC's stock has a predicted downside of -7.37% based on their 12-month stock forecasts.
: Over the previous 90 days, Planet Labs PBC's stock had 1 upgrade by analysts.
: Planet Labs PBC has been rated by research analysts at Cantor Fitzgerald, Citigroup, Craig Hallum, Deutsche Bank Aktiengesellschaft, JMP Securities, Needham & Company LLC, Northland Securities, and The Goldman Sachs Group in the past 90 days.
: Analysts like Planet Labs PBC more than other "computer and technology" companies. The consensus rating for Planet Labs PBC is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how PL compares to other companies.

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This page (NYSE:PL) was last updated on 2/5/2025 by MarketBeat.com Staff

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Planet Labs PBC (PL) Stock Forecast & Price Target