Wedbush Remains a Buy on Planet Labs PBC (PL)
In a report released today, Daniel Ives from Wedbush maintained a Buy rating on Planet Labs PBC, with a price target of $50.00.
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Ives covers the Technology sector, focusing on stocks such as Apple, International Business Machines, and Innodata. According to TipRanks, Ives has an average return of 19.2% and a 58.59% success rate on recommended stocks.
Planet Labs PBC has an analyst consensus of Strong Buy, with a price target consensus of $41.56.
Based on Planet Labs PBC’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $94.15 million and a GAAP net loss of $138.87 million. In comparison, last year the company earned a revenue of $66.27 million and had a GAAP net loss of $12.63 million
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PL in relation to earlier this year. Most recently, in April 2026, Ashley Johnson, the President & CFO of PL sold 200,000.00 shares for a total of $7,019,813.80.
