Currently, the "PL stock price" is consolidating at $18.39, marginally down from Friday’s high. Lower-than-average beta (0.92) makes PL attractive for risk-adjusted portfolios. Analysts are watching for earnings catalysts before adjusting Q2 targets. What we will get this week are the minutes from the September FOMC meeting, which saw the Federal Reserve vote to cut rates for the first time this year. Other analysts also recently issued reports about the stock. Wall Street Zen raised shares of Planet Labs PBC from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Wedbush increased their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. The Goldman Sachs Group began coverage on shares of Planet Labs PBC in a report on Monday, June 30th. They issued a "neutral" rating and a $4.60 price target for the company. JMP Securities increased their price target on shares of Planet Labs PBC from $6.50 to $8.00 and gave the company a "market outperform" rating in a report on Tuesday, July 22nd. Finally, Citigroup increased their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company a "buy" rating in a report on Friday, June 6th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Planet Labs PBC has a consensus rating of "Moderate Buy" and a consensus target price of $7.56. Currently trading at $18.39, the "PL stock price" has risen 4.1% over the past month, outperforming the software sector index by 1.8 percentage points. Daily volatility has narrowed, suggesting consolidation before the next directional move. Momentum traders anticipate a short-term push toward $19.30 if volume stays above 1.2M shares/day.
