Craig-Hallum Keeps Their Buy Rating on Planet Labs PBC (PL)

In a report released today, Christian Schwab from Craig-Hallum maintained a Buy rating on Planet Labs PBC, with a price target of $36.00.

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Schwab covers the Technology sector, focusing on stocks such as Aehr Test Systems, Adtran, and Ceragon Networks. According to TipRanks, Schwab has an average return of 20.6% and a 59.76% success rate on recommended stocks.

In addition to Craig-Hallum, Planet Labs PBC also received a Buy from Needham’s Ryan Koontz in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Planet Labs PBC (NYSE: PL).

Based on Planet Labs PBC’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $86.82 million and a GAAP net loss of $152.46 million. In comparison, last year the company earned a revenue of $61.55 million and had a GAAP net loss of $35.15 million

Based on the recent corporate insider activity of 60 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. Last month, Gary B. Smith, a Director at PL bought 20.00 shares for a total of $313.20.