Planet Labs Stock (PL): Why The Price Jumped Today

By Amit Chowdhry ● Jan 7, 2022
  • The stock price of Planet Labs PBC (NYSE: PL) increased by over 5% during intraday trading today. This is why it happened.

The stock price of Planet Labs PBC (NYSE: PL) increased by over 5% during intraday trading today. Investors are responding positively to Wedbush analyst Daniel Ives initiating coverage of Planet Labs with an “Outperform” rating and $10 price target. 

And Ives noted that Planet Labs’ unique product offering placed the company in a great position to establish market share in multi-trillion-dollar global economic shifts, digital transformation, and sustainability transformation.

The $10 price target imputed about a 90% upside to the company shares.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.