Goldman Sachs Sticks to Its Hold Rating for Planet Labs PBC (PL)
Goldman Sachs analyst Noah Poponak maintained a Hold rating on Planet Labs PBC yesterday and set a price target of $18.00.
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Poponak covers the Industrials sector, focusing on stocks such as Boeing, Ducommun, and HEICO. According to TipRanks, Poponak has an average return of 7.2% and a 53.02% success rate on recommended stocks.
In addition to Goldman Sachs, Planet Labs PBC also received a Hold from TipRanks – OpenAI’s OpenAI Aerospace and Defense in a report issued on March 21. However, on the same day, TipRanks – Google reiterated a Buy 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 56 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.
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