--- title: "Planet Labs PBC (NYSE:PL) Trading Up 5.3% - Should You Buy?" description: "Planet Labs PBC (NYSE:PL) shares rose 5.3% to $5.30, with a trading volume of 1,288,436, down 71% from average. Analysts have mixed ratings: Citigroup raised its target to $7.00 (buy), Goldman Sachs l" type: "news" locale: "en" url: "https://longbridge.com/en/news/245750968.md" published_at: "2025-06-23T17:12:45.000Z" --- # Planet Labs PBC (NYSE:PL) Trading Up 5.3% - Should You Buy? > Planet Labs PBC (NYSE:PL) shares rose 5.3% to $5.30, with a trading volume of 1,288,436, down 71% from average. Analysts have mixed ratings: Citigroup raised its target to $7.00 (buy), Goldman Sachs lowered to $3.50 (neutral), while Needham set it at $8.00 (buy). The stock has a market cap of $1.56 billion and reported a revenue of $66.27 million, exceeding estimates. Institutional investors hold 41.71% of shares. The consensus rating is "Moderate Buy" with a target price of $6.38. Planet Labs PBC (NYSE:PL - Get Free Report)'s share price traded up 5.3% on Monday . The company traded as high as $5.23 and last traded at $5.30. 1,288,436 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 4,473,289 shares. The stock had previously closed at $5.03. Get **Planet Labs PBC** alerts: ## Analysts Set New Price Targets - HSAs for Gym Memberships? These 3 Fitness Stocks Could Soar Several equities research analysts have issued reports on PL shares. Citigroup lifted their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company a "buy" rating in a research note on Friday, June 6th. The Goldman Sachs Group restated a "neutral" rating and issued a $3.50 price objective (down previously from $6.00) on shares of Planet Labs PBC in a report on Friday, April 11th. Cantor Fitzgerald reiterated an "overweight" rating and set a $6.30 target price on shares of Planet Labs PBC in a report on Friday, March 21st. Wall Street Zen upgraded Planet Labs PBC from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price target on shares of Planet Labs PBC in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Planet Labs PBC has a consensus rating of "Moderate Buy" and a consensus target price of $6.38. **Check Out Our Latest Stock Report on Planet Labs PBC** ## Planet Labs PBC Price Performance - 3 Buy-and-Hold Stocks Long-Term Investors Can Love in Any Market The business has a 50-day simple moving average of $4.02 and a two-hundred day simple moving average of $4.26. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -14.24 and a beta of 1.61. Planet Labs PBC (NYSE:PL - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $66.27 million during the quarter, compared to the consensus estimate of $62.25 million. Planet Labs PBC had a negative return on equity of 23.36% and a negative net margin of 42.58%. As a group, equities analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year. ## Institutional Trading of Planet Labs PBC - 3 High-Yield Dividend Stocks on Sale After Wild Market Swing Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in Planet Labs PBC by 790.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,840 shares of the company's stock valued at $28,000 after acquiring an additional 6,072 shares during the period. Iron Gate Global Advisors LLC acquired a new position in shares of Planet Labs PBC in the first quarter valued at approximately $36,000. HighTower Advisors LLC bought a new position in shares of Planet Labs PBC during the first quarter worth approximately $37,000. Forum Financial Management LP bought a new position in shares of Planet Labs PBC during the first quarter worth approximately $39,000. Finally, Wellington Shields & Co. LLC acquired a new stake in Planet Labs PBC during the 1st quarter worth approximately $39,000. Institutional investors own 41.71% of the company's stock. ## Planet Labs PBC Company Profile (Get Free Report) Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company's platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables. ## See Also - Five stocks we like better than Planet Labs PBC - What Are Dividend Challengers? - 5 Small Cap Stocks With Explosive Upside Potential - What is a Microcap Stock? Everything You Need to Know - BigBear.ai Poised to Benefit as Palantir Dominates AI Defense - Do ETFs Pay Dividends? What You Need to Know - Kroger Stock Confirms Buy Signal as Uptrend Gains Strength *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in Planet Labs PBC Right Now? Before you consider Planet Labs PBC, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Planet Labs PBC wasn't on the list. While Planet Labs PBC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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