- The stock price of Planet Labs PBC (NYSE: PL) increased by about 10.5% today. This is why it happened.
The stock price of Planet Labs PBC (NYSE: PL) increased by about 10.5% today. Investors responded positively to a bullish research report.
Goldman Sachs Noah Poponak had initiated coverage of Planet Labs with a “Buy” rating. And Poponak cited that Planet Labs has a first-mover advantage.
Plus Goldman Sachs said that Planet Labs is the market leader in commercial Earth observation and also cited the opportunity to sell data analytics into many industries as massive.
“Planet has a unique opportunity to democratize earth observation data,” writes analyst Noah Poponak.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.