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Analysts Are Bullish on Top Industrial Goods Stocks: Ocean Power Technologies (OPTT), Planet Labs PBC (PL)

Tipranks - Tipranks - Sat Mar 21, 5:26AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Ocean Power Technologies (OPTT) and Planet Labs PBC (PL) with bullish sentiments.

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Ocean Power Technologies (OPTT)

H.C. Wainwright analyst Sameer Joshi maintained a Buy rating on Ocean Power Technologies yesterday and set a price target of $1.50. The company’s shares closed last Thursday at $0.36, close to its 52-week low of $0.12.

Joshi has an average return of 11.4% when recommending Ocean Power Technologies. ;'>

According to TipRanks.com, Joshi is ranked #2310 out of 12128 analysts.

Ocean Power Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $1.50.

See the top stocks recommended by analysts >>

Planet Labs PBC (PL)

Needham analyst Ryan Koontz assigned a Buy rating to Planet Labs PBC today and set a price target of $40.00. The company’s shares closed last Thursday at $26.96.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 24.7% and a 48.6% success rate. Koontz covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Extreme Networks. ;'>

Planet Labs PBC has an analyst consensus of Strong Buy, with a price target consensus of $28.80, which is a 18.8% upside from current levels. In a report issued on March 6, TipRanks – Google also reiterated a Buy rating on the stock with a $27.00 price target.

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