Planet Labs PBC (PL) Stock Forecast & Price Target

$2.07

-0.05 (-2.36%)

(As of 10:10 AM 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

Moderate Buy
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Planet Labs PBC in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 1 has given a hold rating, and 6 have given a buy rating for PL.

Consensus Price Target

$3.93
89.79% Upside

High Forecast	$5.00
Average Forecast	$3.93
Low Forecast	$2.50

According to the 7 analysts' twelve-month price targets for Planet Labs PBC, the average price target is $3.93. The highest price target for PL is $5.00, while the lowest price target for PL is $2.50. The average price target represents a forecasted upside of 89.79% from the current price of $2.07.

Type	Current Forecast 9/21/23 to 9/20/24	1 Month Ago 8/22/23 to 8/21/24	3 Months Ago 6/23/23 to 6/22/24	1 Year Ago 9/21/22 to 9/21/23
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)	7 Buy rating(s)	6 Buy rating(s)	9 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	$3.93	$4.39	$4.30	$5.85
Forecasted Upside	89.79% Upside	99.77% Upside	91.54% Upside	58.09% 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.

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	2.86	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	87.07% Upside	91.07% Upside	6.75% Upside
News Sentiment Rating	Neutral News	Neutral 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
9/10/2024	The Goldman Sachs Group 2 of 5 stars	N. Poponak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$3.50 ➝ $3.10	+68.94%
9/6/2024	JMP Securities 2 of 5 stars		Reiterated Rating	Market Outperform ➝ Market Outperform	$4.00 ➝ $4.00	+105.13%
9/6/2024	Craig Hallum 4 of 5 stars		Boost Target	Hold ➝ Hold	$2.00 ➝ $2.50
9/6/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$7.00 ➝ $5.00	+100.00%
8/16/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$5.00 ➝ $5.00	+105.76%
4/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$4.50 ➝ $3.90	+83.10%
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4/2/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$5.00 ➝ $4.00	+81.82%
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%
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%
1/23/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$6.00	+21.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:39 AM 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 $3.93, with a high forecast of $5.00 and a low forecast of $2.50.
Should I buy or sell Planet Labs PBC stock right now?: 7 Wall Street equities 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 equities 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 76.91% 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, Needham & Company LLC, The Goldman Sachs Group, and Wedbush 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 2.65. Learn more on how PL compares to other companies.