Equities research analysts forecast that Planet Labs PBC (NYSE:PL – Get Rating) will post $39.46 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Planet Labs PBC’s earnings, with estimates ranging from $39.30 million to $39.70 million. The business is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Planet Labs PBC will report full year sales of $180.37 million for the current year, with estimates ranging from $178.50 million to $182.30 million. For the next year, analysts forecast that the company will post sales of $259.62 million, with estimates ranging from $252.76 million to $267.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Planet Labs PBC.
A number of research analysts have recently issued reports on PL shares. Needham & Company LLC initiated coverage on Planet Labs PBC in a research note on Thursday, January 27th. They issued a “buy” rating and a $10.50 price objective on the stock. Piper Sandler started coverage on Planet Labs PBC in a research report on Friday, January 7th. They set an “overweight” rating and a $10.00 price target for the company. The Goldman Sachs Group started coverage on shares of Planet Labs PBC in a research report on Wednesday, January 12th. They set a “buy” rating and a $11.00 target price for the company. Zacks Investment Research upgraded Planet Labs PBC from a “sell” rating to a “hold” rating in a research note on Saturday, April 16th. Finally, 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 for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.38.
Several large investors have recently bought and sold shares of PL. Belvedere Trading LLC bought a new position in Planet Labs PBC in the fourth quarter worth approximately $105,000. Tradewinds Capital Management LLC bought a new position in Planet Labs PBC in the 4th quarter worth approximately $39,000. Northside Capital Management LLC purchased a new position in Planet Labs PBC during the fourth quarter valued at $430,000. Exchange Traded Concepts LLC bought a new stake in shares of Planet Labs PBC in the fourth quarter worth about $3,137,000. Finally, Meristem Family Wealth LLC bought a new stake in Planet Labs PBC in the fourth quarter worth $65,000. Hedge funds and other institutional investors own 36.81% of the company’s stock.
About Planet Labs PBC (Get Rating)
Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems.
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