Planet Labs PBC (PL) Projected to Post Earnings on Thursday

Planet Labs PBC (NYSE:PL) is expected to release its earnings data after the market closes on Thursday, March 20th. Analysts expect Planet Labs PBC to post earnings of ($0.02) per share and revenue of $61.89 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Planet Labs PBC Stock Up 0.4 %

Shares of NYSE:PL opened at $4.18 on Tuesday. The firm has a market cap of $1.24 billion, a P/E ratio of -10.18 and a beta of 1.45. Planet Labs PBC has a 12-month low of $1.67 and a 12-month high of $6.71. The business has a fifty day simple moving average of $4.87 and a 200 day simple moving average of $3.62.

Analysts Set New Price Targets

PL has been the subject of a number of recent analyst reports. Craig Hallum upgraded Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft increased their price target on Planet Labs PBC from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Benchmark increased their price target on Planet Labs PBC from $4.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Northland Securities increased their price target on Planet Labs PBC from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Cantor Fitzgerald initiated coverage on Planet Labs PBC in a report on Friday, January 24th. They set an “overweight” rating and a $6.30 price target for the company. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $6.27.

About Planet Labs PBC

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.